Dow - Wave b or wave (xi) or mega wave 2 ?

Dow dropped about 160 points (-0.96%) to form the mini wave 4. Next wave up will complete the sub-wave iii. It can be the completion of wave b (Option 1) of major wave (6), 7% to 8% pullback.

Or it can be the sub-wave iii of wave (xi).

 

And the worst case is the completion of mega wave 1.

 

The pullback can be 35% or 60% for for mega wave 2.

One has to be extremely cautious. Run for your life if needed.

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Dow - Expecting more new records ?

Dow gained 134 points (+0.8%) to closed Monday's trading at 16,457 level.

If Dow is going for major wave (6), wave b is almost there.

But now it looked more likely that Dow is forming its wave (xi). If this is the case, Dow is going to set more new records.

For Bursa Malaysia, trading may remain slow while the search for MH370 continues in the Indian Ocean.

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The Malaysia Way

Deputy Defence Minister, Abdul Rahim, "The Royal Malaysian Air Force (RMAF) did not intercept MH370 when it was caught on radar on March 8 headed towards the Straits of Malacca because the RMAF assumed that the plane was “non-hostile” and had been ordered to turn back by the civil aviation control tower."

" We noticed that the plane was heading towards the Straits of Malacca or the Andaman Sea. So we informed the task force responsible the next day.”

CNN’s aviation and airline correspondent Richard Quest has declared: “The big question is how the Malaysian military missed MH370 going back across the country. THAT is a scandal.”

Kee Thuan Chye, "Is Abdul Rahim telling us the whole story or is this a cover-up? Was the RMAF asleep at the time?"

To read more click 'The Most Ridiculous Assumption about MH370' by Kee Thuan Chy.


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TA Enterprise Bhd

Today the world is drowning in a cesspool of US$100 trillion of debt. US$ toilet paper is floating and circulating everywhere and soon enough, it will only take someone and or a country to declare that the US Emperor has no clothes to trigger the collapse of the US$ financial system.

Click 'Sovereign Defaults, Impossible !!!' by Matthias Chang for more story.


TA Enterprise Bhd. ( Rm 0.83)


Same old story for TA Enterprise since end of last year.

Is Insas the interested party ?

Chart wise, there is a possibility that TA is forming its major wave 2 since April 2013.

Today, TA added 2 sens with 37.5 millions shares traded with OBV breaking new ground.

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Star of the day - Insas

Insas is the second most active stock today. With 138 million share traded, it gained 24 sens (+25%) to close the day at Rm1.18.

It managed to break the neckline of its double bottom formation at around 98 sens and there was no turning back after that. It is forming its wave (iii).

For its half-year ending 31st December 2013, its earning per share is 15.07 sens, very impressive. Net assets per share is Rm1.71, solid backing.

If this is the sub-wave i of its wave (iii), the magnitude is about there. The next correction can be the sub-wave ii of wave (iii).

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Dow moved higher despite Crimea's crisis

Crimea is an autonomous parliamentary republic, is part of Ukraine, located on the Crimean Peninsula on the north shore of the Black Sea. Its area is about 26,100 sq.km, about 36 times the size of Singapore. 

Dow gained 0.7% or 109 points to 16,331 on Thursday when we have news that Russia's lower house of parliament has overwhelmingly approved a treaty to annex Crimea from Ukraine, prompting tougher sanctions from the United States and Russia responded with its own sanctions against a list of U.S. officials and lawmakers.

 

I still prefer to maintain that at best Dow is forming the wave b of major wave (6). Under this scenario we still have mini wave 3, 4 and 5 to go. Wave b is likely to end near 16,600 level.

Swallow Nest Castle of Crimea

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KSL Holdings Bhd

On 26th February, KSL reported a very poor result for its 4th Quarter ending 31st December. From its 1st, 2nd and 3rd  Quarters per share earning of 12.39 sen, 17.26 sen and 17.70 sen respectively, the 4th Quarter earning reported was -2.73 sen (negative earning). For the whole year, KSL still made 44.62 sen a share with net assets at Rm3.31.

My reading for KSL remains bullish, unless my chart interpretation is wrong. It is a (1)-(2), 1-2 and (i)-(ii) formation with strong support at Rm2.05 level. It closed at Rm2.10 today. If my interpretation is right, KSL is likely to hover around Rm 2.05 to Rm 2.10 for some times to complete the wave (ii).

For an interesting article, click 'A Conspiracy Far Bigger Than Flight 370' from The Outsider Club.

"We've uncovered one conspiracy that has earth-shattering consequences for the entire global economy — and especially the U.S. dollar."

 Enjoy reading.




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