Yesterday LCTH gained 13.7%, today it was Leesk's turn, it gained 18.4% to close 4.5 sens up at 29 sens. Has its wave (iv) correction ended ? Is this the starting of its wave (v) of major wave 3 ?
There are two possible wave counts due to the small little wave formed 3 to 5 days ago. If this little wave is part of wave (v), then I can get 7 down waves, which is equivalent to an a-b-c wave, then wave (iv) is completed and wave (v) has started and it is heading for 40 sens.
However, if that little wave is the failure mini wave v of 5, then there is only 5 down waves, then it has to be the wave a of (iv). Then the current rebound is the wave b of (iv). Then it is better to sell at 30 to 32 sens and buy back later say at 18 to 20 sens. So many 'then', only God knows which is which.
KSL Holdings Bhd (Rm 1.63)
The big question is whether major wave 4 has ended ? Is KSL the next one to move like LCTH and Leesk ?
Looking at its 6-month chart, based on the wave count shown below, there is one possibility that wave c of major wave 4 has just ended. Even the sub-wave v has 5 mini waves. The main assumption here is wave c has only 5 waves, wave (i) to (v) and wave (v) has only 5 sub-wave, sub-wave i to v and sub-wave v has only 5 mini waves, mini wave 1 to 5. Again, only God knows.
Amen
The one lesson to learn before a market crash
An interesting article by Jim Quinn, Click 'Before a Market Crash' for the article.
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