Mini wave 3 of ii has already formed 5 minor waves, and a potential 'double-top' reversal pattern is already there. For the bearish scenario, wave iii of E can start anytime unless I am wrong for being too bearish.
But if Dow can continue its current up-tread by punching through its ceiling heading for 28,000 and beyond as shown below, then I have no choice but to accept the fact that Dow has completed its major wave 8 in December 2018 with a simple 3-3-5, A-B-C corrective wave with wave C having only 3 waves instead of 5 (with wave iv and v of C missing).
If Dow can confirm this bullish scenario in November, hopefully all the world markets can turn bullish too to move in tandem with the 'Big-Brother'.
One bad news announced on Friday (November 1) by the U.S. Treasury Department - the federal government's outstanding public debt has surpassed US$23 trillion for the first time in history. In the 2019 fiscal year, the US government had to pay US$376 billion just on the interest alone.
This interest amount is more than the combined annual cost for education, agriculture, transportation and housing. How can the US survive? Well, they are different from Venezuela, Argentina or many other countries because USD is a world currency and they can just keep on printing.
Insas Bhd (Rm0.86)
Hopefully Insas has completed its minor wave ii last week with last Friday's green candlestick being the starting of the minor wave iii of its mini wave 3.
On 24 October 2019, Hong Leong Investment Bank Research has published a paper on Insas, click 'Insas-A hidden gem' for the paper.
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