Tuesday, January 26, 2010

Bursa Malaysia

The previous wave count for KLCI of wave 6 and 7 that followed wave 5 of (III) is no longer correct, they are wave A and B of (IV). Industrial Index as shown below has a clearer wave A-B of major wave (IV). Similar to Dow and Hang Seng, The Industrial Index can either heading for major wave (IV) as show.


Or, it is heading for the big C as shown below. It all depends on whether Dow will continue with its bull run that started in March 2009 by holding above 10,000 and forms its major wave (IV) Or Dow has completed its major wave B and is at the beginning of its major wave C towards 6,000. Under such circumstances, Industrial Index will move south in a similar way as shown below.


The market movement in the next 5 to 10 days is rather crucial, hopefully it can indicate whether the bull run since March 2009 remains intact and that the market is at the tail-end of major wave (IV) before the starting of the major uptrend wave (V) Or the Market is at the beginning of the big C that can retest the March 2009's low.

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