Three weeks ago, South Korea's Kospi index decided it would join in the fun, attempting to keep up with Chinese indices, which are on a roll. Like these, it is finally at its closest to 2007's highs, but let's not forget therefore that there is an element of catch-up in all of them. After sticking to a huge triangle since 2011, the key is whether it can sustain the break above major resistance at 2,100, allowing it to then steel for a test of the record high at 2,229. Already overbought, momentum is bullish and other oscillators supportive. High time Asian indices hit new record highs, possibly 2,300 here, as ultra-low interest rates for ages set in.
