Dow - Wave iii has 9 sub-waves

Parrot Flower

The intraday 140 points drop on Wednesday, on half-hourly chart, it can be considered as the sub-wave 6 of wave iii. Look out for 9 sub-waves for wave iii.



FTSE has a similar wave count as Dow. As Dow proceeds to complete its sub-wave 7,8 and 9 for its wave iii, FTSE will be completing its sub-wave 5 of its wave iii



After completing its wave iii and iv, the next surge for FTSE, its wave v, to 6000 is likely to be the last surge if wave (3) has only five waves. The possibility of nine waves for wave (3) cannot be ruled out at this stage.



Singapore STI's chart shows great similarity to that of FTSE with similar wave count.

YTLE

Has YTLE completed its sub-wave iv ? If the interpretation below is correct, then YTLE has completed its sub-wave iv. If today's candlestick closing at Rm 1.42 is the first candlestick of its sub-wave v, next Monday's trading volume for YTLE should be higher than today with the second candlestick going above Rm 1.50. Failure which, today's surge is a sucker wave b, it price may go down to Rm 1.20 to complete sub-wave iv.