Dow surged 240 points (2.1%) on Wednesday and it gained another80 points at this moment after one hour of trading, it appeared to me that my yesterday wave count as shown below is of a lower probability.
The wave count below is of higher probability now.
Dow has ended its wave iv with a short wave c or a failure wave c and it is going to end the major wave (3) with a diagonal wave formation. Chances is high that wave v, the last wave of this 20 months bear market rebound since March 2009 has already started, assuming no extention of major wave (3) to 9 waves.
Bursa Malaysia
Inch Kenneth has started its last up-trend journey, wave 5 of its major wave V.
Gamuda has started its sub-wave v of its wave 3. Its warrant can be more juicy.
My reading for WCT is as illustrated above and below. Its warrant at 64 sens looked very attractive if WCT is on its way to Rm 3.40.
Followings are two of my favorite Chinese songs from Taiwan.
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