Saturday, June 28, 2014

Weekly Market Reivew K200

K200 closed at 258.78 on Friday, 27-Jun-2014, gained 3.47 (1.36%) over the last 5 trading days.

This week gain is about the same as last week drop. The big drop we used to get in past weeks seem to stop.  We see more pushing up instead.  However, K200 didn't manage to push past previous high of 260.74.

Looking at bigger picture, it seems that K200 retracement to 76.40%-100% might have stopped. If it breaks previous high and give a higher low, the uptrend is resumed.  We will do some Fibo projection of how high it will climb.   At the mean time, let's see.

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