Saturday, July 12, 2014

Weekly Market Reivew K200

K200 closed at 256.72 on Friday, 11-Jul-2014, lost 3.91 (1.50%) over the last 5 trading days.

This week drop has all small body candles.  However, the day range is about average or slightly lower.

Looking at bigger picture, K200 stop its climb.  Unlike the previous few climb which hit above 76.40% or even 100%, this climb end below 61.80%.  Now, we got a lower high.  We need to see if it will have a lower low next week.

If we get further drop next week, such as below the trend line, then it might mean change of trend.  Let's see.

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