Weekend Update

Dow (17,098)

Dow added only 97 points during the week. It continued to form the sub-wave v of its wave (xi). Wave (xii) correction is likely to start in September. Be extremely careful on completion of wave (xiii) in early 2015.

Wave (xiii) can be the end of major wave (5) to be followed by a higher degree 15% or more major wave (6) correction, if we are lucky.

If we are unlucky, wave (xiii) can also be the end of mega wave 1 to be followed by mega wave 2 that can drop to 10,655 level, the bottom of major wave (4), for a 40% drop. The worst that can happen is a 100% retracement to March 2009's low of 6,547 level for a 65% drop.

FBMKLCI (1,866)

KLCI is forming the sub-wave iv of its wave (v) of major wave 3. The main question is whether sub-wave iv is completed.

If KLCI continues to move higher from its current level, then sub-wave iv is completed and sub-wave v in progress.

But if KLCI continues to drop further, then it is forming the wave c of its sub-wave iv.

KSL Holdings Bhd (Rm 3.95)

KSL failed to move higher on Friday, but the possibility of forming its mini-wave 7 is still there.

However, if it continues to move lower next week, then it is forming the wave c of its sub-wave iv. It announced a strong earning of 20.50 sens per share on Thursday.

Golden Pharos Bhd (Rm 0.78)

GPharos announced a poor earning of 0.2 sen per share. It is on its way to complete the wave c of its wave (iv).

Priceworth International Bhd (Rm 0.25)

PWorth announced a small quarterly profit of Rm168,000.00 for the first time after many quarters of losses. I hope it has finally turned around and the 16 sens low in June is the turning point for PWorth. The next up is the sub-wave v of wave (iii).

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KSL Holdings Bhd

KSL ended Thursday trading with 12 sens gain at Rm3.97 with high volume. If it can break Rm 4.00 and move higher, that will be its mini-wave 7 of sub-wave iii.

It reported a strong quarterly earning of 20.5 sens a share with Net assets at Rm3.70 per share.

Looking at its long-term chart, the current run-up is so dynamic because it is the sub-wave iii of wave (iii) of major wave 3 of mega wave (3), after completing its 'inverted head and shoulders' formation.

There is another property stock that has formed an 'inverted head and shoulders' pattern and has not yet fly is Glomac Bhd (Rm 1.13)

Its earning is considered weak. For its last quarter ending 30th April, it managed to make only 3.03 sens a share. Net assets reported is Rm 1.22 per share but I believe its net assets should be much more than that with the rapid appreciation in value of its properties over the last few years.

The chart looks nice but if it is not ready to move, holding it over months at its current level can be very frustrating, especially for senior citizens that have not much time left. :)

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Priceworth International Bhd - The dynamic mini-wave 3 of (iii)

PWorth moved up strongly today to close at 26.5 sens with record volume of 86 millions shares.

It is a typical mini-wave 3 of wave (iii), so dynamic and powerful. What sort of game they are playing ? I don't know, I just follow the chart, so far so good.


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Weekend Update

Dow (17001)

Sub-wave v of wave (xi) in progress

FBMKLCI (1870)

FBMKLCI is forming its major wave 3.

It is at the tail-end of its major wave 3. The next up is likely to be the sub-wave v of its wave (v) and that could be the end of its major wave 3, unless the major wave 3 has 9 waves.

KSL Holdings Bhd (Rm3.86)

If KSL moves lower next week, it is possible that sub-wave iii has been completed as shown.

However KSL performed strongly on Friday. If it can maintain its up-trend next week, it is more likely that the previous pullback is mini-wave 6 and the next up is the mini-wave 7.

Priceworth International Bhd (Rm 0.22)

If PWorth can move higher next week then it is forming its sub-wave iii.

If it moves lower next week then it may drop to the 19 sens level to complete its A-B-C wave (ii).

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My stocks and Dow

Priceworth International Bhd (Rm0.22)

I guess PWorth is having its mini-wave 2 pullback.

Pan Malaysia Corporation Bhd (Rm0.255)

It is sub-wave iv correction of its wave (i) of major wave 5 for PM Corp. With cash backing of 19 sens per share and zero borrowing, at 25.5 sens a share, it is cheap.

KSL Holdings Bhd (Rm3.88)

The current correction for KSL is either the minor wave ii of its mini-wave 5 of sub-wave iii,

OR it is the sub-wave iv correction. Mini-wave 5 has ended.

Dow - Another Prediction

Harry S. Dent, Jr. is a financial newsletter writer. His 2009 book, 'The Great Depression Ahead' appeared on the New York Times Bestseller list.

"Every crash has taken us to new lows," he pointed out, "so the last crash took us down to 6,442 on the Dow and the next projection would be around late 2016, early 2017 somewhere around 5,500 - 6,000."

Click 'Dow-6,000' for the report.

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Priceworth International Bhd

Priceworth International Bhd (Rm0.23)

PWorth added 2 sens with high volume of 20 million shares changed hand today.

It opened with a gap and formed a solid candlestick to confirm the starting of its wave (iii). 28 sens is likely to be its first stop. 

Eucalyptus Tree the Golden plant of PWorth

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Dow - Forming sub-wave v of wave (xi) ?

It looks more and more likely that Dow has completed its sub-wave iv and has started its sub-wave v of its wave (xi).


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