With respect to Dow Option 2's wave count, the likely corresponding wave count for KL Composite index is as shown below.
KLCI will take 2 to 3 days to complete the mini wave iv and another 4 days to complete mini wave v of sub-wave (iii) before it proceeds with higher degree sub-wave (iv) and sub-wave (v) to complete the wave 3 at around 986 if wave 3's magnitude is 1.618 times of wave 1's magnitude.
The above chart is the 5-year longterm chart for Inch Kenneth Kajang Rubble PLC. I have mentioned this stock in my April 12 post. The stock price was about 22 sen then. The stock was very active lately, I suspect the 600 acres land deal near Bangi is in its final stage. After the 50 for 1 bonus issue in 2005, the stock price of Inch Kenneth has gone through a major A-B-C consolidation, its low of 16 sen in March 2009 marks the end of wave 9. It is likely that wave C has ended and 16 sen is the bottom for this stock. Its price movement since then is as shown below in candlesticks form.
The stock moved with high volume to complete its wave 1 last week. After pulled back for 2 days, quite unexpectedly it started its wave 3 movement. Currently it is in its sub-wave i of wave 3. If wave 3's magnitude equals to 1.618 times that of wave 1, wave 3 will end somewhere near 44 sen. Projection is usually used only as a rough guide, actual ending point depends on market sentiment as well as the ultimate wave form.
KLCI will take 2 to 3 days to complete the mini wave iv and another 4 days to complete mini wave v of sub-wave (iii) before it proceeds with higher degree sub-wave (iv) and sub-wave (v) to complete the wave 3 at around 986 if wave 3's magnitude is 1.618 times of wave 1's magnitude.
The above chart is the 5-year longterm chart for Inch Kenneth Kajang Rubble PLC. I have mentioned this stock in my April 12 post. The stock price was about 22 sen then. The stock was very active lately, I suspect the 600 acres land deal near Bangi is in its final stage. After the 50 for 1 bonus issue in 2005, the stock price of Inch Kenneth has gone through a major A-B-C consolidation, its low of 16 sen in March 2009 marks the end of wave 9. It is likely that wave C has ended and 16 sen is the bottom for this stock. Its price movement since then is as shown below in candlesticks form.
The stock moved with high volume to complete its wave 1 last week. After pulled back for 2 days, quite unexpectedly it started its wave 3 movement. Currently it is in its sub-wave i of wave 3. If wave 3's magnitude equals to 1.618 times that of wave 1, wave 3 will end somewhere near 44 sen. Projection is usually used only as a rough guide, actual ending point depends on market sentiment as well as the ultimate wave form.
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