Crude Oil has completed its mini wave 3.
And it has started its mini wave 4 rebound. If it is an a-b-c mini wave 4, this rebound may take another 6 weeks to complete.
Mini-wave 5 may take the price to below US$ 26 a barrel.
Dow (16,391)
My reading for Dow remained the same. It is either forming its major wave (7),
or it is half-way through its mega wave 2 correction, which is expected to be an ABC-X-ABC corrective wave.
FBMKLCI (1,674)
So far so good, wave (iii) of major wave 5 is progressing nicely.
Pan Malaysia Corporation Bhd (Rm 0.31)
PMCorp is forming its mega wave (5).
With last Friday's red candlestick, there is a possibility that PMCCorp is going for a diagonal sub-wave v to complete its wave (iii).
But if it can break its upper trend line on Monday or Tuesday, then there is a long way to go for it to complete its sub-wave v.
.
No comments:
Post a Comment