Darvas Box on Kospi

Discussion in 'Trading' started by Roark, Feb 17, 2011.

  1. dont

    dont

    From my experience Kospi won't close Gap from open today, but it may retrace some, but remember its still got some four hours to go.

    To me its looking long term weak next target 247.
     
    #11     Feb 21, 2011
  2. Roark

    Roark

    You mean 257? I think it would take a couple of days to get to 247.
     
    #12     Feb 21, 2011
  3. dont

    dont

    No I meant 247 but its unlikely today, in the next few weeks. I don't day trade, much longer term, to me this is the start of a long over due down move.
     
    #13     Feb 21, 2011
  4. Roark

    Roark

    It looks really weak on a daily chart. Lower highs and lower lows are being put in. It might get to 256 in this session, but that seems like a stretch. The middle of the previous consolidation range when Kospi was in an up trend was 247.
     
    #14     Feb 21, 2011