Dow closed the day with a 34 points gain at 11,671. Mini-wave
9 is being formed, can this be the end of the mega wave
B ? Dow has reached a potential turning point here. Must monitor very closely for confirmation.
Scenario 1, it is possible that Dow is about to end its mega wave B.![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmbVVRdfTEnaFHPm2LOQJ7OdGeeNY241FJy1v8SiJcpwBwdhyFCIsAzQ2kCTVVnOLuwK3C6eZ7e2zSSVrqnFpsqqFiImvsS0Gb7ZJWiUHO-cxRamAwb_D-gB-4S15PbH_99FwdlwQDKDbd/s400/9M011011B.JPG)
Scenario 2, the mini-wave continues
Scenario 3,
Dow continues with wave 6, 7, 8 and 9.
Bursa Malaysia
Looking at the top 17 most active counters on Bursa Malaysia, only 2 stocks are more than Rm 1.00. 12 of the stocks are 23 sens and below. The market is very speculative. I believe there is a lot of short-term traders in the market.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimNO65tMYQidMvF-TCPP-zKge54GUK_EwtFZFDfZCKJlwesXlMl8LjowaJSxRt3IoopO4C4wSpA29ZuiiJdvMrfZH-6eRyJ4Kxfwfy5GQ_mJbzfV3Hs-ASXJTsTHqVJ7a8hcpbg-V3I2pU/s400/Top+17.jpg)
No comments:
Post a Comment