Dow - Wave (xiii) moves on

Dow (17,810)

In an unexpected move, China's central bank cut interest rate on Friday. At the same time in Frankfurt the President of the European Central Bank (ECB) said the ECB will use more aggressive measures to prevent the Euro Zone from falling into a new crisis.

Dow has a jump start on Friday morning and moved to an intra-day high of 17,894. It closed at 17,810 for a 91 points gain (+0.5%), another new record high, its 9th new record in November.

I am assuming the Friday's surge as the minor wave vii of mini wave 3, but whether this is the sub-wave i of wave (xiii) or it is the wave (xiii) itself, I really have no clue.

And whether the end of this wave (xiii) is going to be the end of major wave (5) or the end of mega wave 1, I also have no clue. 

Hopefully the next pullback is only a small mini wave 4 correction follow by mini wave 5 surge for more new record highs until early next year when wave (xiii) is expected to end. But who knows, Dow may continue to move higher with mini wave 6, 7, 8 and 9. Anything can happen in stock markets. 

In 2012, I thought Dow will end at its wave (v) but it continued to run until wave (ix) by end of 2013. It refused to end there too. It then continued to move on to the current wave (xiii). Will  there be wave (xiv), (xv), (xvi) and (xvii) in front. I don't know, don't ask me. Some Gurus have been looking for a major drop for the last 2 years but Dow moved higher by another 40% within 24 months.

FBMKLCI (1,809)

KLCI is forming the minor wave ii. Hopefully it can start its minor wave iii of 3 of d next week.

Jasa Kita Bhd (Rm 0.235)

I hope Friday's drop is the minor wave ii.

Berjaya Corporation Bhd (Rm 0.475)

Has it completed its mini wave 2 ?

KSL Holdings Bhd (Rm 4.36)

From its 10-year chart, I am pretty sure KSL is either forming its wave (iv) or wave (v) at this moment.

Since I am expecting a good earning announcement and I am expecting the shareholders to approved the 1 for 1 bonus issue next week, I read the current correction as the sub-wave ii of its wave (v).

But it is also possible that it may drop for another 3 days to complete the wave c of its wave (iv) before the announcement of its Q3 earning and before the EGM on 28th November.

Small fish is always at the mercy of the big fish. Sigh !


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