Monday, October 25, 2010

How much longer the market can last?

Courtesy of www.saadfudda.blogspot.com


Whether it is major wave 6

Or it is mega wave (IV)


Dow 5-Year Chart

The rebound since March 2009's low of 6,547 will have only 3 waves for both cases. Wave (1) & (2) were completed, sub-wave i & ii of wave (3) were also completed. sub-wave iii as shown below will be completed within a week or two. November may see the completion of sub-wave iv with a correction of about7%, sub-wave v is likely to complete in January 2011. Watch out for a double tops formation when v reaches the top of iii. If wave (3) has only five sub-waves, this bear market rebound can end in January. However if wave (3) has nine sub-wave as shown above, it is likely to last until July 2011. Click on the chart to enlarge it.


Bursa Malaysia Industrial Index


BM Industrial has completed its mega wave (I), (II), (III) & (IV) since its 1998 Asian Financial Crisis's low. Its mega wave (IV) pull back was caused by the 2008 US financial crisis. I expect the industrial index to complete its mega wave (V) when Dow completes its major wave (3), the two indices will move south together.


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To be a Malay and a Bumiputra is very easy. All you need to do is to become a Muslim, marry a Malay and your Children will be classified as Malay and Bumiputra and of course for the Malaysian of Chinese origin, they will have to give up their ancestor surname, which is a very very big crime/sin to the Chinese and is likely to be disowned by the clan.

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