COMMODITY :
Refer to the Commodity Chart from Bloomberg, Roger INTL has reached -40. Last night it has rebounded 6.29% and CRB has rebounded 5.36%. With a robound of this magnitude, wave 7 has ended. The next question is whether the comming uptrend is wave 8 one week rebound or a major wave B bound? My bet is "The wave B uptrend has started". I have to buy back IOI, KLK, Boustead, Kulim, U Malacca and Batu Kawan.
STOCK MARKET :
Refer to Dow Jones Chart I copied from "Dogs of the Dow" website, the chart has yet to be updated, but if we insert the intraday low of 7464 on 21/11/08, it could mark the end of Wave A (from 14,279 on 11/10/07 to 7464 on 21/11/08). A pull back of 47.72% over a period of 13 months. Since I am expecting a 4 to 5 years long term side way consolidation of ABCDE formation. The up comming Wave B can last for a minimun 10 months period until August 2009 or more. The index may regain a minimum of 50% to 11,200. Let's see if I am right.
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