Saturday, February 3, 2018

Weekly Update

Dow (25,520)

Dow dropped 1096 points (-4%) within a week and with a gap on Tuesday. Is that the 'exhaust gap'? As I have mentioned previously, very likely the turning point is the end of its major wave 7.

And of course there are other possibility that I cannot rule out. The current pullback can also be a sub-wave vi correction.

Or a wave (vi) correction.

FBMKLCI (1,870)

KLCI is about to complete its mini wave 9. The main question is whether this is the end of sub-wave iii or wave (iii).

EG Industries Bhd (Rm 0.615)

Once EG dropped below the 66 sens level, I have to revise my previous wave count. The only logical count that I can come up with is a 1-2-3-4-5 wave count with the peak as mega wave (1). But it is really hard to accept the fact that the duration of major wave 4 is so much shorter than that of major wave 2.

Inari Amertron Bhd (Rm 3.17)

Inari has ended its wave (vii). The current correction is the wave (viii). Hopefully wave (ix), the last wave is not missing.


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