Sunday, December 12, 2010

Dutaland, YTLE and Karambunai

Dutaland gained 4 sens last Friday with moderate volume of 4.1 million shares. Has sub-wave iii started?


It appeared to me that YTLE has completed its wave 4 of its major wave (V). It gained 8 sens last Friday with a moderately high volume of 5.1 million shares. It is possible that its wave 5 has started.



In my previous wave count for Karambunai, I did not refer to the semi-log chart. I have missed out one wave, the wave 1-2 at the beginning of the current run-up.

By using a semi-log scale for the chart, Karambunai has completed 5 waves. The question here is whether its major wave (3) has 5 or 9 waves. If major wave (3) has only 5 waves, then the major wave (3) has completed and it is forming its wave (4) at this moment. However if major wave (3) has 9 waves, watch out for its wave 7.

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