"Kimchi Curry" anyone?

Previous posts noted the remarkable similarity between the Bombay SENSEX and the Korea KOSPI indices. Both looking equally bullish, and both poised at crucial junctures. While price could go eitherways here in the short-term, they are both likely to go the same way. Have a look at these maternal twins below.

Elliott Wave Count

Having dropped in 3 waves during the financial crisis, SENSEX and KOSPI have turned up impulsively and look to be completing 4 waves so far. A sustained break above the upper trendline has upside targets as shown in the charts above.

However, do note that the supposed wave 5 has completed the minimum target (to exceed wave 3). Any significant correction here, would be great buying opportunities for the long-term.

Meanwhile, you may want to sample the basic staples of Indian and Korean diets - Curry and Kimchi respectively - before they become all the rage! Caution: Both are spicy stuff. (Similar phenomenon happened with all things Japanese, during, and after the Nikkei boom days)

All the best!