Dow - Major wave (6) has started.

Dow (18,010)

It appeared to me that Dow is heading for a 10% to 13% major wave (6) correction.

 

In the last few days, Dow has completed its mini wave i and ii and on Friday it set a low that is lower than its previous low. Be careful. Of course there are other possibilities and I could be wrong too.

 

FBMKLCI (1,747)

 

KLCI continued with its wave (ii) correction. Most probably it is heading for 100% retracement of its wave (i), which is about 10% correction from its April high. The next rebound can either be a wave b (about 70 points) rebound.

 

 

 

Or a 20 points sub-wave vi rebound.

 

 

 

KSL Holdings Bhd (Rm 1.78)

 

KSL announced an earning of 8.82 sens a share for its first quarter, A good result with an annualised P/E of about 5 only.

 

 

 

KSL is about to complete its major wave 4 correction. I hope I am right and there is still a major wave 5 in front.

 

LCTH Corporation Bhd (Rm 0.44)

 

LCTH announced a disappointing quarterly earning of only 1.06 sens a share. Its last high can either be the major wave 3, a bearish option.

 

 

 

Or it is the wave (i) of its major wave 3, a bullish option. 

 



 

 

Lee Swee Kiat Group Bhd (Rm 0.285)

 

Leesk announced a disappointing earning of 0.81 sen a share for its quarter ending 31st March. Its last high can either be its sub-wave i.

 

 

 

Or it is the wave (iii) of 3. Then the current wave (iv) pullback will be deeper and will last longer.

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