Datuk Seri Dr. Zambry - Mahatma Gandhi - Nelson Mandela

Datuk Seri Dr. Zambry 'likened the recent struggles faced by him and his "comrades from the Barisan National" to those endured by politicians like Nelson Mandela and Mahatma Gandhi'. This was reported in The Star today.

Which is the most likely outcome ?

Based on the two technical indicators shown above, possibility 2 as mentioned in my previous post looks more likely. With that the probable outcomes can be narrowed to two, i.e. the 9 or 13 mini waves can either be (III) which is very bearish or it can be 1 of (III) which is very bullish, two extream and opposite outcomes. It has to be like that, or else the market can not exist, there must be seller and buyer to execute a deal.

It is safer to assume that it is (III), take your profit and keep cash until it can be confirmed that it is 1 of (III). When 1 of (III) is confirmed, there is ample time for one to profit in the 3 of (III) and 5 of (V). On the other hand, once it is confirmed that the 9 or 13 mini waves is (III), Dow is going to come down very very fast, one will have no chance to get out with a good price.

Charts for Different Sectors of Bursa Malaysia

The bull has been running for quite sometimes. The traders will trade until the peak, trade during correction and trade until the bottom. Long-term investors will just lock up their stocks and wait for the bull to complete the whole journey. For those that fall in between these two categories, they may not want to hold stocks during correction phase. These group may be interested to know where the market stands at this moment. The following discussion is based on the assumption that Dow is not running away and is due for consolidation.

Composite index has completed sub-wave (i)-(ii), currently in sub-wave (iii). Since (i) is an extended wave, I am expecting a short (iii) and (v). Advisable to take profit before (iv) sets in or during the final sub-wave (v) depending on the wave count for each individual stock.

Second Board is a late starter, which is usually the case. It is currently in sub-wave vii and is almost at its end. Sub-wave viii will take only one or two days follows by the final sub-wave ix.
Time is running out, advisable to take profit.

Masdaq is a late late starter and has turned very speculative, advisable to take take profit. You can never know when the music will stop.

Finance is on its last journey unless there is an extension to wave xiii.

Same as Composite, since sub-wave (i) is an extended wave, sub-wave (iii) and (v) are expected to be short. (iii) can end anytime follows by (iv) and a short (v)


Consumer and Industrial products are both at their respective final journey.

Trades and Services is the same as construction index, expecting a short (iii) and (v)

Property index is on its last journey of sub-wave v.


If Dow does not run away next week, Plantation index is likely to have completed its current run-up, refer to Case (C). However if Dow started to run starting next Monday or Tuesday, Plantation is going to run equally fast as shown in Case (A) and (B) above.

In fact if Dow were to run next week, the wave for all the sectors mentioned above will be extended. Watch out for Dow's breakout and Plantation's breakout.

Dow went up 164 points on Friday, 8th May

Watch out for the last train before it runs away.

Yesterday (May 8) Dow added 164 points, however the 3 possibilities mentioned in my Thursday's post are still valid.
(Double click to enlarge chart)

Possibility 1 still the same as shown above with sub-wave 5 consists of 9 mini waves followed by downtrend movement consists of one down candlestick on Thursday and a rebound candlestick on Friday. For illustration, similar form is clearer for Nasdaq as its Friday's rebound is well below the top as shown below.
For the above possibility 1 with last Friday rebound there is this possibility that sub-wave 5 is being extended from 9 mini waves to 13 mini waves as shown below.
For the more bullish possibility 2, the story is the same as shown below. Wave 1 of major wave(III) remains the same as I have mentioned on Thursday. Last two candlesticks can be treated as parts of the downtrend movement and rebound.
However in the coming Monday (May 11th) if Dow continues to run, then wave 2 has only one candlesticks as shown below, Thursday (one day) pullback has completed the wave 2, Friday's 164 points was the starting of wave 3, very very bullish indeed, the last train is running away.

If God is kind to those at the sideline, Thursday's down can be mini wave a, Friday's up can be mini wave b, then coming Monday will have to be a "doji" or a down candlestick to form mini wave c or part of c as shown below. The corrective wave can even goes for a-b-c-d-e complex wave.
Similar to possibility 1, the wave 1 as shown below can be 13 mini waves instead of 9.

I will have to formulate my action plans before Monday with respect to each possible outcome particularly the case of runaway train.

Like that also can

Wong CH, a political science lecturer, online columnist and activist for clean and fair election, was arrested on Tuesday for urging the public to wear black to protest the ongoing political impasse in Perak (Oh, so this is the promoter for MIB, I see, no wonder lah).

20 of his friends having a candlelight vigil outside the Brickfields Police Headquarters on Thursday night were arrested.

5 Lawyers that rushed to the Police Headquarters to provide legal assistance were also arrested for 'obstruction to justice' and for 'failing to disperse'. Wah!! Fantastic oh, very powerful oh. Don't play play with the policeman oh.

Bar Council's statement " It is an absolute mockery of the constitutional right to legal representation and a travesty of justice".

MIB Dangerous

These Men In Black are dangerous, just look at what they are holding.

Must go all out to maintain peace.

The front line.

These heroes that are willing to die for the country

The Hero of the heroes

First of all you block the roads

Block, block, block.

Using barbed wire, very effective.



Blocking the entrance to where the foods are, very clever.

Searching for MIB, in black, half black, black in white, white in black ..........

Two against one, sure can, no problem.

Finally caught one MIB, actually is Man in Half White Half Black.

Caught one White in Black and one Black in White

This one is Black in Black.

Wah!!! Woman in Black.

Nicely dressed Black in Black

This one is what? Snatch Theft????

If only all these heroes can tackle snatch thieves and mat rempit the same way they handled MIB.