Tuesday, January 19, 2010

Dow gained about 40 points after 30 minutes of trading


Dow put on about 40 points after half an hour of trading. It is likely that its sub-wave v of wave 7 has started. Sub-wave v is likely to last for a week to complete the wave 7 if there is no extension. Corrective wave 8 can last for about two to three weeks before the starting of the up-trend wave 9.

Some of the stocks in Bursa Malaysia may be ready to move, especially those that have consolidated for several months and have completed its major waves (I) & (II) and have also completed their waves 1 & 2 or sub-waves i & ii as shown below.



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