My reading remained the same for Dow, it is heading for either a 12% major wave (6) correction or a 42% to 64% mega wave 2 correction. I give major wave (6) a higher probability because my date for the assets bubble to burst is in early 2017 as I have explained in my older posts months ago.
As anything is possible in stocks I still have to keep an eye on the less possible mega wave 2 correction.
FBMKLCI (1,710)
If this is the wave (ii) of major wave 5 correction, then 1673 level is the worst that it can go, which is a 100% retracement to the starting point of its wave (i). Wave (ii) will need more time to complete as the down leg so far is only the wave a of (ii).
KSL Holdings Bhd (Rm 1.75)
Waiting for major wave 4 to complete.
Looking at the 6-month chart, there is a possibility that major wave 4 is completed.
LCTH Corporation Bhd (Rm 0.52)
Is the wave 2 correction completed ? This is the main question.
It depends whether it will move higher or lower next week. If it comes down, then it will be the wave c of 2.
If it moves higher next week, then that will be the mini wave 3 of iii of 3, which has an unmistakable character of 'very dynamic with high volume'.
Lee Swee Kiat Group Bhd (Rm 0.25)
Waiting for wave (iv) to complete.
First possibility - wave (iv) is completed, wave (v) has started.
Possibility 2 - Forming wave b of (iv).
Possibility 3 - Forming wave v of a of (iv).
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