My Hypothesis
The Industrial Index is in mega wave (II) since January 2008's peak. Major wave A and B have been completed and major wave C has started since November 2010 and I expect it to end before end of 2012. (Feel a little uncomfortable thinking of the Mayan Calendar)
For the major wave C, so far sub-wave (i) and (ii) have been completed, the index is forming its sub-wave (iii) that is projected to end around 2320
Mini wave v of sub-wave (iii) is expected to start next week.
KUALA LUMPUR KEPONG
Last Friday KLK closed unchanged at Rm 21.10, looked normal at a glance but the figure for buying up (19.8%) and selling down (80.2%) volume at an unchanged price indicates clear sign of distribution. With 80.2% of sell-down volume and yet the price did not drop is something rather abnormal, it indicates price manipulation. Another possibility is that the selling was well absorbed by certain party.
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