Weekly Update

Crude Oil WTI (US$ 29.07 a barrel) 

Crude oil price is at the tail end of its sub-wave v. It may take another 3 to 4 months to complete its wave (iii) before the wave (iv) rebound comes in.  

Dow (5,973)

If Dow is forming its major wave (6), very likely, Dow has just completed the major wave (6).

Another possibility for Dow is as shown below. Mega wave 1 has only 5 waves and it has been completed. Dow is going to move side-way to complete its complex mega wave 2.

FBMKLCI (1,643)

Hopefully KLCI has completed its sub-wave ii and soon sub-wave iii can start to run.

Dutaland Bhd (Rm 0.465)

If my wave count for Duta is correct, Duta is going to surge with very high volume.

EG Industries Bhd (Rm 0.835)

Currently EG is forming its major wave 4. Major wave 5 can be quite juicy.

Farms Best Bhd (Rm 0.815)

The current pullback is the sub-wave viii. It may need a few more days to complete its sub-wave viii.

Insas Bhd (Rm 0.675)

If I am right in my chart reading, Insas is about to start the sub-wave iii of its major wave 5.

Pan Malaysia Corporation Bhd (Rm 0.295)

PMCorp is about to complete its major wave 5. A failure 5 will stop its journey at 36 sens.

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