Crude oil (WTI) is at the tail end of its major wave 3.
It is about to complete the sub-wave iii of wave (v) of its major wave 3.
Dow (16,466)
Dow surged 396 points (+2.47%) on Friday. Hopefully this is the mini wave 3 of its sub-wave i of wave (i) of its major wave (7).
I shall monitor Dow by assuming that it is currently forming its major wave (7) until such time that the mega wave 2 option that I have mentioned previously becomes more probable.
FBMKLCI (1,667)
In tandem with better crude oil price and stronger Ringgit, KLCI added 33 points (+2.04%) on Friday. If KLCI can continue to move higher, it is highly possible that wave (ii) has ended with a failure c and wave (iii) of major wave 5 has started.
EG Industries Bhd (Rm 0.90)
Major wave 3 has ended and major wave 4 in progress. Hopefully it has completed its wave a of 4.
Inari Amertron Bhd (Rm 3.23)
I have revised my wave count for Inari. Very likely it is half-way through its wave (iv).
Insas Bhd (Rm 0.685)
Insas is about to complete the wave (ii) of its major wave 5.
Farms Best Bhd (Rm 0.80)
Farms Best has been moving up and down within a side-way channel in the last 7 years, forming a complex ABCDE-X-ABC corrective wave. Hopefully its September 2015's low of 47.5 sen marked the end of its mega wave (2). An OBV breakout is usually followed by a price breakout.
Very likely it is forming the sub-wave vii of its wave (i) of mega wave (2).
Similar to Farms Best, Dutaland has also been moving side-way in the last 7 years forming a similar ABCDE-X-ABC complex corrective wave.
Hopefully mega wave (2) has ended and Dutaland is at the end of its sub-wave ii of wave (iii) of mega wave (3).
1MDB (US$ 4 Bil misappropriation)
Swiss attorney-general " .... suspected misappropriation amounted to about US$ 4 billion ...."
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