KLCI dropped to an intraday's low of 1,763 before recovered to close at 1,785. Is this the starting of the mini wave 3 of wave d ?
If KLCI is forming the a-b-c-d-e of its major wave 4, Hopefully today's green candlestick is the starting of mini wave 3 of d.
KSL Holdings Bhd (Rm 4.43)
It is interesting to note that on Monday at around 9.53am, KSL sold 2 million treasury shares to don't know who within 2 minutes. This 2 million share represent 62% of total KSL's volume transacted on Monday.
Today at 4.50pm another 113,200 shares was sold. Have to wait to see whether there is any announcement from KSL tomorrow on this 113,200 shares. Why KSL sold treasury shares at this moment ? And who was the buyer ?
As long as KSL does not close below the 4.20 level, I will maintain my wave count as shown above, waiting for mini-wave 3 to run.
Dow (17,879)
I have adjusted my previous wave count for Dow as the magnitude of correction last week looked more like a slightly higher degree pullback.
With the adjustment, Dow is forming its mini-wave 5 currently. After mini-wave 5 the next pullback can be anything. It can be mini-wave 6, or sub-wave i , or wave (xiv), or major wave (6) or mega wave 1. OMG!
Meanwhile I am expecting Dow to cross the 18,000 level.
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