Dow started its mega wave VII in March 2009 from 6,547 level. Within 9 years Dow has gained 20,069 points or 306%.
Dow has been forming its major wave 7 since February 2016 and it has gained 70% by Friday
Its major wave 1 gained 71%, major wave 3 gained 32% and major wave 5 gained 69.5%. I have a strong feeling that major wave 7 that has gained 70% so far is about to end. I expect major wave 8's correction to be about 15%.
But Dow might choose to continue with its current run with a sub wave vi correction.
Or with a wave (vi) correction.
FBMKLCI (1,853)
KLCI is currently at the minor wave iii of its mini wave 9.
KLCI is either at the tail end of its wave (iii) of B.
Or it is at the tail end of the sub wave iii of its wave (iii) of major wave 5.
Aemulus Holding Bhd (Rm 0.625)
Aemulus announced a 1 for 4 bonus issue on Friday after the marked has closed. Technically sub-wave iii of wave (i) should be starting too.
Based on the 30-minute interval chart, the sub-wave ii has ended.
T7 Global Bhd (Rm 0.585)
T7Global surged 8 sens or 15.84% on Friday. Very likely this is the minor wave iii of its mini wave 5. Since mini wave 3 cannot be the shortest wave, I expect T7Global to have 9 mini waves.
FACB Industries Incorporated (Rm 1.56)
Facb has been forming its mega wave (5) since July 2016. It gained 7 sens (+4.7%) on Friday. This surge confirm the formation of sub-wave vii of its wave (iii).
This is the starting of mini wave 3 of its sub-wave vii.
This is a quiet and slow moving stock despite the fact that it has Rm 163 million of cash in hand or cash per share of Rm 1.96. Its other core business are the manufacturing and trading of steel pipes and mattresses (Dreamland).
Insas Bhd (Rm 0.98)
Hopefully Insas has ended its major wave 4 and has already started its major wave 5.
It appeared to me that its major wave 5 was in early December 2017.
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