Weekly update

Dow (17,552)

There is a possibility that Dow has completed its wave (iv) and is currently forming its wave (v). If I am right, Dow will be setting more new highs in 2016.

FBMKLCI (1,663)

Very likely KLCI has completed the wave (ii) of its major wave 5. Mini wave 3 is in progress.

EG Industries Bhd (Rm 1.01)

EG is forming its major wave 3 at this moment.

The question now is whether this major wave 3 has ended ?

If it has ended, then it has to move lower to complete its major wave 4.

However, if this major wave 3 has 9 waves, then it is forming the wave c of its wave (vi).

A bullish possibility is as shown below. EG has completed sub-wave i-ii and mini wave 1-2, the next surge will be the mini wave 3.

Emico Holdings Bhd (Rm 0.355)

Emico has either completed its major wave 3

Or it is forming its wave (vi) at this moment.

Farms Best Bhd (Rm 0.665)

Friday's pullback can be the starting of wave (ii) correction,

It is also possible that the current pullback is only the mini wave 2.

Inari Amertron Bhd (Rm 4.44)

If Inari can continue to move higher next week, then the current correction is the sub-wave vi.

Failure which, it is on course for its wave (iv) correction.

Insas Bhd (Rm 0.765)

Hopefully the next down is the mini wave 7 of (ii).

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