KOSPI WILL GO back to 2100 point.
eliott wave will tell you.
stock market is over heating.
and inflation is going on globally.
so sell your stock before plummet to the bottom.
buy dollar or gold.
reset your portfolio.
KOREA is one big factory with the full gamut of output, from ships to semis.
The index is a key barometer for global cyclical momentum.
Consolidation is complete
Korea is highly cyclical and a decent "canary in the coal mine for" a) the Semi Cycle, given the size of Samsung Electronics in the index and b) the global manufacturing cycle.
Watch for a double top.
This is not investment advice, I am not a licensed advisor and you should always do your own work or seek professional advice.
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This is a...
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for March 29.
It is a 30-minute...
📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across...
CUrrency looks like it got rejected by resistance, should whipsaw here.... hopefully down next week.
When trading foreign index ETFs like EWW, EWY, EWZ, or TUR, you gotta pay attention to the currency trade as well. The funds are NOT hedged against currency which means you're playing both the index and the currency.
You can trade these ETFs to take advantage of...
EWY posted the same pattern as it did before the last 2 big drops. Entered into some puts today for next week.
There's still room for it to go hit resistance and ATH, the 2 lines I've drawn. If it goes up from here, look for a similar pattern before shorting.
I'm bearish for Monday, but who knows, they can do another vaccine pump, 3 weeks in a row, lol.
Note,...
Korea isn't being hit by COVID at all, but they're still looking at deflation and their GDP is down....
Yet we're approaching ATH. If the market goes up next week, I'm buying some puts on Wed.
It's an election year. War tends to keep presidents in office. Every single president picked an enemy during reelection year. There must be allies and foes. China is the foe. Korea is the allie. You need an asian hub and manufacturing partner. You need korea.
