Dow closed the week at 17,634. It appeared to me that it has completed its mini wave 5. If sub-wave iii has only 5 waves, it is likely that Dow will form the sub-wave iv of its wave (xiii) next week.
Be very careful when wave (xiii) is completed because it could be the end of its major wave (5) or mega wave 1.
FBMKLCI (1,813)
KLCI continues to form its wave 2 of its wave d. Does it need to wait for Dow to complete its sub-wave iv before it can start its wave 3 of d ?
Berjaya Corporation Bhd (Rm 0.48)
BJ Corp is about to complete its mini wave 2. The worst that can happen is a 100% retracement to 47 sens.
KSL Holdings Bhd (Rm 4.50)
Same as BJ Corp, KSL is on its way to complete its mini wave 2.
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