Dow (17,195)
Dow added 221 points (+1.3%) to end Thursday trading at 17,195. Dow is only 84 points away from its previous record high of 17,279.
Hopefully Wave (xiii) can last until early 2015. Last wave can be quite unpredictable, it can be a failure wave, it can also have an euphoric run-up for a grand finale.
Dutaland Bhd (Rm 0.695)
Duta is forming the wave (v) of its major wave 3
Major wave 3 of its mega wave (3)
Berjaya Corporation Bhd (Rm 0.49)
From its peak of Rm 1.78 in April 2010, Berjaya Corp dropped all the way until June 2014 to 47 sen. Two weeks ago, it dropped to 47 sens again on Oct. 16. Is this the 'double-bottom' reversal pattern?
At this moment it is forming the sub-wave v of its wave 5 of C of mega wave (2). I am not sure whether its down trend since 2010 has ended. I am still looking for sign that the down trend has ended. But once the 47 sen level is broken, it can continue to go lower.
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