Wednesday, September 24, 2014

Dow - Any Danger ?

Dow (17,055)

After 3 hours of trading on Thursday morning, Dow gained 92 points to stand at 17,148 level. If Dow starts to move up from here, I have 3 possible readings for Dow.

First possibility - Dow has just completed the minor wave ii of its mini-wave 3 of sub-wave v.


Second possibility - Dow has just completed its mini-wave 2 of sub-wave v.


Third possibility - Dow is forming a diagonal sub-wave v and has completed its mini-wave 1, 2, 3 and 4.


As long as Dow can hold above 17,000 level, I am not that worry. I expect Dow to set more record highs until early next year.

Golden Pharos Bhd (Rm 0.675)

It has completed its major wave 1 by end of July and is currently forming its major wave 2.


Olympia Industries Bhd (Rm 0.20)

It is forming the wave c of its major wave 2


KSL Holdings Bhd (Rm 4.87)

Small wave v is about there. This can be the end of either minor wave (i) or mini-wave 3 depending on the magnitude of the next pullback.


Priceworth International Bhd (Rm 0.26)

It appeared to me that PWorth is forming the wave c of its wave (iv)




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