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Dow Jones forecast for coming week ended 29th March, 2013.

Dow is now moving in around 14400–14600 zones, it may remain in this zone for some more time. In spite of that I think that it has a chance to test 14600 level again and that I am expecting in early to middle days of the coming week but one pre-condition is that Dow must maintain 14500 range in early days.

If Dow fails to cross 14600 range or drops below 14500 range then there is a chance that it may test lower ranges but 14200 may act as a good support zone for it. In fact in coming days even if Dow tests below 14200 zones there is a chance of sharp pull back to test upside again and in that scenario if Dow fails to break 14500 ranges convincingly then I will be concentrating on lower ranges, in that case things may become problematic in future.
NOTE: Please see the disclaimer of this blog.

DAX forecast for coming week ended 29th March, 2013.

Dax is getting resistance around 8000 ranges. In coming week it may show couple of good early days but if Dax does not break 8000 level then I will not be positive on it therefore I will be expecting Dax to test lower levels and that may be below 7800 ranges. In fact it looks to me that Dax is making a very short-term bearish pattern, though the success rate of this type of pattern is less. Important level for Dax in the downside is around 7600 level.

NOTE: Please see the disclaimer of this blog.

KOSPI forecast for coming week ended 29th March, 2013.

It looks like that chance of making a new up trend is getting far for Kospi. Last time I was saying that Kospi has a good chance of making medium-term bearish pattern if it breaks levels below around 1940 range and now that fear is more convincing. If this bearish pattern triggers then Kospi may test levels below 1900.

During this week Kospi has not shown any promising move to avoid the middle-term bearish pattern. Now it may take couple of up moves and may be testing around 1980 range in early to middle days of the coming week but unless it is showing any convincing move in the upside (better to say moves above 2020 levels) it will be hard to negate the middle-term bearish pattern.
Here I must say that though I am talking about the middle-term bearish pattern which now looks more promising but if Kospi respects around 1940 support ranges then there is a chance that Kospi may create a bullish pattern in future but that needs more time, for triggering the bullish pattern important level…

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.

Dow Jones forecast for coming week ended 15th March, 2013.

Finally Dow breaks 14000 level though in later it is getting resistance at 14400. So now a small corrective move may not be ruled out and that is expected at around 14200 ranges. I will think about big correction when Dow will be breaking 13800 ranges but in this moment I am not looking for a big correction rather I will be emphasizing on breaking 14400 level in the upside. If we follow the recent trend then Dow has the possibility to test around 14600 range but it is hard to say that whether it will face a small correction before that or will show couple of flat moves at around 14400 ranges.

NOTE: Please see the disclaimer of this blog.

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

Kospi was unable to break its January high. This week it reflects nothing, now I will be looking at around 1990 because it has a chance of making very short-term bearish pattern and if that pattern works out then Kospi may test below 1980 range in coming week. I am not much worried about this very short-term bearish pattern because sometime they do not work; I am more concern about medium-term bearish pattern which kospi has a chance of making if it tests below 1940 ranges. Higher bottoms which Kospi is making during last few months indicate that Kospi may not test that much low, so I will think about bad things when Kospi will be breaking 1960 range.

As this medium-term bearish pattern is not clear yet so for coming week concentration will be on 1990 range. If kospi maintains that then it has the chance to test levels above 2020. I think that if Kospi able to break 2020 then it has good chance to test ranges above 2040, I am still maintaining my earlier stand that if Kospi maintain th…