It appeared to me that the previous USD/MYR's high of Rm 4.486 to 1USD is the wave b of 2. Ringgit is likely to improve to Rm 3.90 to 1 USD to complete its wave 2.
Dow (21,394)
Dow is currently forming its mini wave 4. It may take about a month to drop another 400 points to complete this correction. It is just a minor correction.
FBMKLCI (1,779)
KLCI is about to complete its sub-wave viii. Be very careful when wave B is completed as the next pullback can be as high as 15%.
Insas Bhd (1,779)
Insas continues with its mega wave (5) formation. I guess it is heading towards Rm1.80 ultimately with minor corrections and a higher degree major wave 4 pullback along the way.
Very likely it has just completed its mini wave 4 and has started its mini wave 5 in the last two trading days.
If its sub-wave v has only five waves, very likely that is also the end of wave (iii). Wave (iv) may see its price drops to around Rm 1.04 level.
Selamat Hari Raya Aidilfitri
to all Muslim
and Happy Holiday to all Malaysian.
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