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)
.
No comments:
Post a Comment