Tuesday, October 26, 2010

Inch Kenneth, Karambunai, YTLE and IJM Land


A salute to the Architect for his courage


Inch Kenneth




Today's the price breakout indicates that the 82 sen level is not the end of wave v, it is only the sub-wave i & ii of wave v.


Karambunai




I expect sub-wave v to break the 'Neckline B' at 27 sens level to complete its wave (iii) before taking a pause to form its wave (iv)


YTLE




For YTLE the uncertainty is whether its wave iii is completed. If wave iii consists of only five sub-waves and is completed, we have either scenario (A) or (B) its price may drop to Rm 1.20. However if wave iii has nine sub-waves, then it is very likely that the current wave is sub-wave (vii) as shown above as scenario (C).

IJM Land




The wave count is very bullish, another case of wave 3 of major wave (III) of mega wave (3)



On its way to complete the mini wave v of sub-wave (iii) of wave 3. Its warrant A at Rm 1.29 with a conversion price of Rm 1.35, looked very attractive.

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