CNASIA

Not much changes to Dow. It is expected to move down trend until major wave (IV) is completed, hopefully before end of November and hopefully it does not develop into a major wave C.

If Dow remains in consolidation phase, Japan, Hong Kong and Singapore will not have much excitement. Bursa Malaysia should be the same as the rest. However, there may be a few individual stocks (the exceptional) that can go against the current. CNASIA appears as a possible candidate.

If the wave count as shown below is the one, within this week it can be confirmed. If it can remain above 55 sen and if it can start to move up and to close above 63 sen, it is going to run like nobody business because it is the sub-wave iii of wave 3 of major (III), should be dynamic and with high volume.

However, if it goes below 50 sen in the next few days, the above wave count is wrong, it is something else. This morning when it moved above 64 sen I thought action has started but instead it turned down to form a small b.