Weekly Review

Dow (18,138)

Dow has either completed its wave (iv) or it is at the tail end of its wave (iv).

If Dow can continue to move higher from its current level, very likely it has completed its wave (iv).

But if Dow still has some down side to go, then it has yet to complete its wave E of (iv).

FBMKLCI (1,658)

If KLCI can move higher from its current level, it is possible that it has completed its major wave 4 with a failure mini wave 5. This is an optimistic assumption.

More likely KLCI will continue to move lower to complete its mini wave 5 and wave c at some level closer to its wave a.

EG Industries Bhd (Rm 0.88)

Very likely EG has finally managed to complete the wave (ii) of its major wave 5.

It is likely to move higher forming its wave (iii) of 5 with new record high OBV.

A cheque from CIMB

CIMB (Touch N Go Department) has sent me a cheque recently to refund me fifty Ringgit.

Is this the new way of writing a cheque - 'Fifty Point 00 Only' ?


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