Saturday, August 9, 2014

Weekly Market Reivew K200

K200 closed at 262.02 on Friday, 8-Aug-2014, lost 6.54 (2.44%) over the last 5 trading days.

This knee jerk reaction drop on Friday only restrict to Asian stocks.  SPX in fact close 22 points up on Friday.  We need the next few days to see if there is more weakness in K200.

KSE will be closed for trading on Friday, 15-Aug.  Thus, this will be a short week for K200.

Looking at the bigger picture on daily chart, the uptrend is still not broken.  We do not have a lower low.  And we do not have a lower high.  This is the same for Weekly chart and Monthly chart.

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