Thursday, November 20, 2014

Jasa Kita Bhd

Jasa Kita Bhd (Rm 0.24)

Jasa Kita surprised me by making a powerful U-turn after closing the gap at 20 sens. It appeared to me that it is forming its mini wave 5 of sub-wave i.


If its current up-trend is the wave D of its mega wave (2), Jasa Kita has a possible high of 45 sens if it can reach the upper trend-line.


Dow (17,179)

Dow closed with another new high on Thursday, its 8th record high for November. Most followers of Dow are expecting a pullback. I just worry that the higher it goes without a meaningful correction, the harder it will fall when the correction comes.


Hopefully its next pullback marks only the end of its sub-wave i of wave (xiii) and not the end of wave (xiii).


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