FBMKLCI Update

My long-term wave count remains the same. FBMKLCI is forming its major wave 3.

For this major wave 3, so far it has completed its wave (i), (ii), (iii) and (iv).

 

The main question is whether has it completed its wave (v) ?

Same as Dow and to tie in with Dow, FBMKLCI has 3 possible options. Option 1 is the most optimistic. As shown below, it is about to start its mini wave 5 of its sub-wave iii.

 

 

In Option 2, it is forming its wave (vi). It has just completed its wave b of (vi) and I expect it to come down to about 1760 level to complete its wave (vi) before starting its wave (vii)'s run.

The third option, Option 3, is very pessimistic. Major wave 3 has ended in December 2013 and so far it has completed its sub-wave i and ii and it is currently forming its sub-wave iii. Still a long way to go. So be very careful when FBMKLCI goes below 1840 level, below its mini wave 1.

.

A Giant Has Fallen

It is sad to hear that the Tiger of Jelutong, YB Karpal Singh was killed in a road accident near the deadly Gua Tempurung stretch of the North South Expressway when the car he was traveling rammed into the side of a lorry.

Rest in Peace YB Karpal Singh

Your Legacy Will Live On

.

Property Index - wave v of major 5

The Bursa Malaysia property index's wave v of its major wave 5 is on its way towards the 1700 level. That is another 20% up from its Monday's closing level of 1418. Hopefully Dow can hold for a few more months for it to complete its course.

Watch out for Glomac, it is an inverted head and shoulder and its is possible that its wave 5 has started.


.

Dow - My wave counts remained the same

Dow dropped 411 points (-2.5%) within 2 days and closed at 16,026 on Friday. My three possible wave counts for Dow remained the same.

 

I am looking at the 15,800 level. Hopefully the current down trend can stop there. The next crucial level to watch is the 15,400 level.

On Friday Marc Faber talked to CNBC, "I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash. ..... And I suspect it will be even worst."

He was talking about the coming crash could be even more than 22.6% in a single day.

On 19th October 1987, Dow dropped 508 points (-22.6%)  from 2,240 to 1,738 within a day.

Click 'Marc Faber - The Coming Crash' for what he has told CNBC on Friday.


.

Farms Best Bhd (Rm 0.73)

After reaching its bottom in 2009, Farms Best Bhd has been moving side way until September 2013 to complete its A-B-C-D-E mega wave (2).

By March 2014, it has completed its wave (i)-(ii) as shown below.

It added 3 sens (+4.29%) today with high volume. Is this the first candlestick of the mini-wave 3 of its sub-wave iii of wave (iii) of its mega wave (3) ?

If this wave count is correct, Farms Best is likely to put on another green candlestick tomorrow (Friday) with high volume.


.

MH370 - Subang ATC and the Military need to explain

If only those on the jobs were more alert and can think, we may not have landed in such an embarrassing situation.

If only the air traffic controllers and radar operators were more vigilant and had reacted promptly.

If only the air traffic controllers have activated search and rescue and have alerted the military upon losing contact with MH370.

If only the military has questioned why a commercial aircraft was flying without a transponder and has counter checked with Subang ATC?

To read more click 'All it had to take was a phone call' by V Shanker Ganesh

 

 

 

.

Dow - Sub-wave ii in the making

With Dow dropping another 166 points (1%) to 16,245 on Monday, I have to modify my wave count for the sub-wave ii. The 3 possible options that I have presented in my last posting remained the same.

Sub-wave ii takes the form of a a-b-c waves

Option 2 is the most optimistic whereas Option 3 is the worst possible scenario where one has to run for his life.

.