Dow - wave (xiii)

Dow (17,612)

Dow closed its Wednesday session at 17,612. For two days Dow ended on a mixed note forming 2 'doji' candlesticks. If Dow is not forming its minor wave vi then it is forming its mini wave 4 of sub-wave i of its wave (xiii).

Dow is at the tail end of its sub-wave i, it may take another week to finish it. The upper channel line may provide solid support to sub-wave ii. Sub-wave iii of wave (xiii) will set more new record highs in December.

FBMKLCI (1,816)

KLCI dropped another 8 points to continue with its wave c of 2. It may take another two to three days to complete its wave 2.

KSL Holdings Bhd (Rm 4.54)

KSL moved to a high of Rm 4.67 before sellers pushed it down to close at Rm 4.54. If it can continue to climb higher with good volume, it may be able to run until end of November to form its mini-wave (iii) of sub-wave v.

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