Skip to main content

KOSPI forecast for coming week ended 14th December, 2012.

Last week I was expecting small corrections in earlier days for Kospi to make a good bullish pattern but it maintained 1920 levels. Last few days were good, now Kospi is getting resistance at around 1960 range. The medium-term positive pattern is not so sound but if it reacts fully then we may see Kopsi to test around 1980-2000 levels. Here I must say that if Kospi tests around 2000 level in coming future then it will be good for Kospi in long-term perspective because in that case Kospi will create long-term bullish pattern.

It looks like that Kospi broke the lower high and lower low trend but the bearish pattern is still on for Kospi and so long it does not cross around 2000 levels in near term, that option will be there. I want to give more emphasize on this bearish pattern when Kospi will break around 1860 ranges but for that it has to first break its good support of 1900 levels. Where as its initial support will be around 1920-1930 levels.

NOTE Please see the disclaimer of this blog.


Popular posts from this blog

DAX forecast for coming week ended 15th March, 2013.

This week was very good for Dax, though it is getting resistance at 8100 range. Now it has a chance to test downside again. I think even if Dax tests lower levels, it has more chance to bounce back from around 7800 range and therefore it will again test upside.

On the other hand if it shows flat movements around 8000 range in initial days of the coming week then there is a chance that it may take a decisive call in later days. Considering the recent trends it has the chance to test higher levels may be around 8200 but that will be a very aggressive call after taking in to account the movement from last December. I will worry about the downside when Dax will be testing levels below 7600 ranges.
NOTE: Please see the disclaimer of this blog.

Fed’s rate hike Vs Sovereign rating up gradation

Financial market is very much worried about the rate hike in US, probably this is going to come in coming December. But I think that is not going to change much of the things. Even Fed hikes rate in December it will be not so much, because we are forgetting one thing that interest rate in US is around zero so even they hike rate by 0.25-50% basis points (at most) in this year that will not be enough cause for Dollars to change their locations around the world especially markets have already discounted this coming rate hike in US.

A new disaster is coming in EU banking sector, whom to blame, big Audit firms!

First I was thinking what should be the title of this posting? Will it be good if I write that big audit firms set the time for EU bank collapse! If someone is thinking that financial crisis is over then think twice because the coming EU banking crisis is no way less than 2008 financial crisis. The time bomb will explode at some point of time in future, the time has not yet set for it. In that tsunami, forget about the smaller if any major banks collapse then I will not be surprise.