Dow might have changed its form slightly, but it remained in its wave c of ii.
FBMKLCI (1,669)
Moving in tandem with the Dow, KLCI is forming an expanding a-b-c corrective wave ii.
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Sunday, September 20, 2015
Weekly Update
Dow (16,384)
Dow might have changed its form slightly, but it remained in its wave c of ii.
Dow might have changed its form slightly, but it remained in its wave c of ii.
Thursday, September 17, 2015
Crude Oil - Can only go higher
Crude Oil WTI (US$47.30/barrel)
Very likely major wave 3 has ended and major wave 4 has started. I expect this major wave 4 to last until 2017 with a possible high of US$80 a barrel.
The run-up in the last few days is either the sub-wave iii
Or it is the wave b of sub-wave ii.
But whatever it is, I expect the crude oil price to move higher in an up-trend channel until 2017 with possible peak at US$ 80 a barrel.
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Very likely major wave 3 has ended and major wave 4 has started. I expect this major wave 4 to last until 2017 with a possible high of US$80 a barrel.
The run-up in the last few days is either the sub-wave iii
Or it is the wave b of sub-wave ii.
But whatever it is, I expect the crude oil price to move higher in an up-trend channel until 2017 with possible peak at US$ 80 a barrel.
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Tuesday, September 15, 2015
How a politician talked
This is legal. Wearing red is legal.
Najib, "The component parties had voiced out many opinions and we have decided to agree to disagree on IT."
The term 'agree to disagree' is a phrase in English referring to the resolution of a conflict whereby all parties tolerate but do not accept the opposing position - Wikipedia.
The interesting thing here is the 'IT' mentioned by Najib, whether he was referring to 'the red-shirt rally' or 'the objection by his component parties to the red-shirt rally'.
This is illegal. Wearing yellow is illegal too.
Some had claimed that this is a rally by the Malaysian of Chinese origin to humiliate them and their religion.
And they pointed the finger at DAP.
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Monday, September 14, 2015
Dr. Lin See Yan - What are we to do
An excellent article published in the Star on 14th Sept 2015 written by Dr. Lin See Yan, former Deputy Bank Negara Governor.
Click ' What are we to do ' for the article.
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Sunday, September 13, 2015
Short term - wave c of sub-wave ii in progress
Dow (16,433)
Next 2 weeks will see the formation of wave c of sub-wave ii.
FBMKLCI (1,603)
Similarly KLCI will be forming its wave c of sub-wave ii.
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Next 2 weeks will see the formation of wave c of sub-wave ii.
FBMKLCI (1,603)
Similarly KLCI will be forming its wave c of sub-wave ii.
Meanwhile
Until the day ..........
Wednesday, September 9, 2015
Sunday, September 6, 2015
Weekly update
Dow (16,102)
The current pullback is the sub-wave ii of wave (i) of (7).
FBMKLCI (1,589)
For KLCI, I hope I am right in assuming that major wave 4 has been completed and major wave 5 has started.
It is possible that KLCI is forming its mini wave 2 of sub-wave i of wave (i) of major wave 5. Mini wave 2 may go for 100% retracement but it should not go below its previous closing low of 1,532.
Signature International Bhd (Rm 1.88)
Someone has asked for my comment on this stock. Frankly speaking, I don't really want to touch this stock after its last quarterly earning announcement of 3.2 sens a share, a 71% drop from its previous earning of 11.2 sens with a corresponding drop in its quarterly revenue from Rm 87.5 million to Rm 55 million. Net assets per share is Rm 1.23.
Technically there are two possible wave counts. Under the first scenario, the current correction can be wave 4 with a possible 5 in front. Its OBV indicates distribution and its sub-wave (iii) is the shortest, not that right. Its latest earning of 3.2 sens does not support this wave count.
The second possible wave count is rather bearish, it has completed its major wave (1) and it is forming its major wave (2) at this moment with Rm 1.60 as its first target.
The next quarterly earning is crucial, anything that is less than 3 sens a share means - Game Over. Stock price will either move side way or move within a down-trend channel.
This is only my personal opinion and as I have always mentioned, I can be wrong.
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I would like to assume that major wave (6) for Dow has ended and Dow will be forming its major wave (7) from now until mid 2016, at least.
The current pullback is the sub-wave ii of wave (i) of (7).
FBMKLCI (1,589)
For KLCI, I hope I am right in assuming that major wave 4 has been completed and major wave 5 has started.
It is possible that KLCI is forming its mini wave 2 of sub-wave i of wave (i) of major wave 5. Mini wave 2 may go for 100% retracement but it should not go below its previous closing low of 1,532.
Signature International Bhd (Rm 1.88)
Someone has asked for my comment on this stock. Frankly speaking, I don't really want to touch this stock after its last quarterly earning announcement of 3.2 sens a share, a 71% drop from its previous earning of 11.2 sens with a corresponding drop in its quarterly revenue from Rm 87.5 million to Rm 55 million. Net assets per share is Rm 1.23.
Technically there are two possible wave counts. Under the first scenario, the current correction can be wave 4 with a possible 5 in front. Its OBV indicates distribution and its sub-wave (iii) is the shortest, not that right. Its latest earning of 3.2 sens does not support this wave count.
The second possible wave count is rather bearish, it has completed its major wave (1) and it is forming its major wave (2) at this moment with Rm 1.60 as its first target.
The next quarterly earning is crucial, anything that is less than 3 sens a share means - Game Over. Stock price will either move side way or move within a down-trend channel.
This is only my personal opinion and as I have always mentioned, I can be wrong.
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