Thursday, January 23, 2014

Dow - Last journey for mini wave 4


Dow

Dow dropped 1% or about 170 points to 16,200 after 2 hours of trading on Thursday morning. 


Dow has broken its lower support line at this moment. The next support level for wave c of mini wave 4 is the top of mini-wave 1, the 16,097 level as shown above. If Dow goes below this level, I will have to revise my above wave count.

Farms Best Bhd (Rm 0.62)


Farms Best dropped another 3 sens to rest on top of the lower support line at 62 sens level. If it goes for 100% retracement, it will drop to 58 sens, the starting point of wave (i).


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