Dow - sub-wave iv correction (3% to 4%)

Dow dropped about 182 points, about 1% to 16,698 after about 2 hours of trading on Thursday morning.

Dow continues to move lower in its process of forming its sub-wave iv. A possible support level for sub-wave iv is the top of sub-wave i at around 16,500 level.

From its recent high of 17,113 to 16,500 level, the correction is about 3.5%

KSL (Rm 3.00)

KSL gained 20 sens today to close at Rm 3.00 with very high volume of 7 millions shares.

Currently KSL is forming the minor wave vii of its mini-wave 3 of sub-wave iii of wave (iii).

Looking at its long-term chart, there is still a long way to go for KSL to complete its mega wave (3).

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