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Dow has gained 150 points (1.55%) to 9836 after 90 minutes of trading on Tuesday morning. This rebound is likely to be sub-wave ii of wave C. I am still looking at around 9300 as the end of C.
Bursa Malaysia Industrial Index has the same reading as Dow. Wave C has yet to be completed. I am looking at 2350 level for wave C.
MITRAJAYA
Mitrajaya put on 6 sen (5%) today to closed at Rm 1.25. If my chart reading is correct, today's movement may signal the starting of sub-wave 3 of major wave (V). especially if it can break the Rm 1.30 price level.
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