Dow is about to complete its sub-wave v and wave (v). This going to be the end of its major wave 7 if wave (v) has only five sub-waves and major wave 7 has only five wave.
If wave (v) has more than five sub-waves then Dow may continue to zig-zag higher to form its sub-wave vi, vii, viii and ix. The 15% correction will have to wait.
FBMKLCI (1,717)
KLCI continues with its 15% correction that is going to drag until mid 2018 or beyond.
Insas Bhd (Rm 0.94)
For its quarter ending 30 September, Insas reported an earning of 5.95 sens a share and net assets of Rm 2.41 per share versus Inari's earning of 3.41 sens a share and net assets of Rm 0.45. Insas declared a dividend of only 1 sen versus Inari's 2.3 sens.
Looking at the above data, I don't understand why the share price of Inari can be at Rm 3.02 whereas Insas can lag so far behind at Rm 0.94.
From the chart, Insas has one more drop to go to complete its wave (iv).
The next uptrend will be the wave (v) to complete its major wave 3 if major wave 3 has only five waves.
Priceworth International Bhd (Rm 0.245)
Pworth has completed the wave a of its sub-wave ii. It may continue to move higher to complete its wave b of ii.
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