Wednesday, June 5, 2013

Dutaland Bhd


After setting a new bottom in January 2009, Dutaland has completed a big ABCDE side-way major wave (2) correction by end of April 2013.



If the small correction at 46 sen can be omitted from the wave count as shown below, Dutaland has completed 5 mini-waves (wave i to v) of its first up-trend wave, sub-wave 1.


Currently Dutaland is forming its sub-wave 2. The worst that can happen is a 100% retracement for the stock to drop back to 43 sen. The most optimistic is to drop to the mini-wave iv level of 52.5 sen.

Nikkei 225


Nikkei 225 dropped another 518 points (3.8%) today. The index has corrected 17% in the last 10 trading sessions. It is a normal wave 2 consolidation.



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