The Kuwait Stock Index is approaching some short term objectives between 10500 and 10760. Expect a recovery to around 11500 as a first step, and later on to 12200. It is likely that this move will not be a simple and straight move as there are many badly bruised traders out there. Even after we reach 12200, there will be nervous selling that could take the index down again, but should that attempt fail to break to new lows, then we will begin to think of the possibility of a more sustained recovery.
