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#KOSPI South Korea’s stock market is down 9.99% straight today. All I can say is that the bubble before was too big—rising from 3,000 in September last year to 9,400. For now, the key level is 7,500.
- Barely making it is better: if it consolidates between 7,500 and 8,500, there’s still a chance.
- Once it breaks the upper trapped positions, it’ll turn into a sustained wave of selling pressure—then it’ll be really bad.