Dow closed the week at 18,019 level, 34 points away from its previous record high of 18,053. Whereas S&P 500 and Nasdaq closed the week with new record highs.
Dow continues to complete its wave d of (xiv). Wave d might end around 18,300 level.
However, if Dow continues to move higher and break its upper resistance line, it is also possible that Dow has already completed its wave (xiv) and is on its way to complete its wave (xv).
FBMKLCI (1,800)
If KLCI can move higher from its current level, then sub-wave iv is completed. It is also possible that KLCI may drop lower to retest the 1780 level within the next two days before starting its sub-wave v of wave (i).
KSL Holdings Bhd (Rm 2.08)
It is possible that KSL has finally completed its sub-wave ii. I hope it can start to form its sub-wave iii.
Dutaland Bhd (Rm 0.565)
Its last high at around 80 sens turned out to be the wave X of its corrective wave since 2009. I hope its last low at 45 sens on December 15 is the end of its mega wave (2).
Since 15th December, its has formed an interesting and bullish looking pattern. I expect it to drop to at lest the 51 sens level to complete its wave (ii) but I won't be surprised if it drops to 44 sens level for a 100% retracement to form a 'double-bottom' reversal pattern.
Another possibility is that it may only drop to 52 sens level to close the gap that was formed 5 days ago before starting its wave (iii).
Must monitor this stock closely.
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