Weekend Update

Dow (17,279)

Mini wave 3 of sub-wave v is in progress. Expect to see more new record highs until wave (xi) is completed.

FBMKLCI (1,849)

KLCI is forming the sub-wave iv of wave (v).

Sub-wave iv is almost completed. It is currently forming the mini-wave 4 of wave c of sub-wave iv. One more drop to go, the mini-wave 5, to complete the sub-wave iv, if wave c has only 5 mini-waves.

KSL Holdings Bhd (Rm 4.67)

Minor wave v of mini wave 3 of sub-wave iii has started.

After the completion of mini-wave 3, there will be a corrective mini wave 4, follow by another up-leg, the mini wave 5 to complete the sub-wave iii. Can sub-wave iii end at Rm 6.00 ? Fatt-loh, KSL Warrant can reach at least Rm 4.40. (Conversion is Rm 1.60)

 

Dutaland Bhd (Rm 0.68)

Dutaland continues to form its major wave 3.

Currently it is forming the sub-wave vii of its wave (i) of major wave 3. This is only the wave (i) of its major wave 3. I hope I am right.

 

Pinehill Pacific Bhd (Rm 0.465)

Pinepac has completed its wave (i) and (ii).

Wave (iii) is in progress. Since wave (ii) has a 100% retracement, wave (iii)'s magnitude is either equal to 1.618 times or 2.618 times of wave (i), so the possible magnitude is either equal to 1.618x16 sens or 2.618x16 sens.

Wave (iii) will end either at 61 sens or at 77 sens. Again I hope my wave count is correct.

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