Pan Malaysia Corporation Bhd (Rm 0.295)

In November 2015, PMCorp has proposed to undertake a capital reduction and capital distribution of 8 sens for each ordinary share. Since then its share price has started to move higher from 20 sen level to its current level of 29.5 sen.

From its 10-year chart, it is rather clear that at this moment PMCorp is in the process of forming its mega wave (5). So far it has completed wave (i) and (ii) of (5).

From its 6-month chart, PMCorp has completed the sub-waves i-ii-iii-iv. The surge from 24 sen to 31 sen in early February is likely to be its mini-wave 1. Mini-wave 2 should not drag for too long or else it would become a failure v and that would mark the end of its wave (iii). A move above 31 sen will pave the way for its mini waves 3-4-5 of v.

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EG Industries Bhd (Rm 0.865)

I mentioned in my previous posting 'EG is forming its major wave 4. Major wave 5 can be quite juice'.

EG gained 3 sens today, some started to ask whether this is the starting of its major wave 5?

My answer is 'No'. From the 5-year chart, both the magnitude and duration for the major wave 4 until this moment is too short. At best, EG has completed its wave a of 4. If the share price can continue to move higher, very likely that is the wave b of 4. There will be another down to complete the wave c of 4 before the juicy major wave 5 can start.

There is another possibility which, at this moment, I think is unlikely. But if EG can surge strongly with record volume, then the early January high of Rm 1.26 is not the end of its major wave 3, it is only the wave (i) of its major wave 3. Then the next surge can be the wave (iii) of major wave 3 of its mega wave (3). This possibility may be there but I think is unlikely unless it can surge with unmistakable record volume.

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Weekly Update

Crude Oil WTI (US$ 29.07 a barrel) 

Crude oil price is at the tail end of its sub-wave v. It may take another 3 to 4 months to complete its wave (iii) before the wave (iv) rebound comes in.  

Dow (5,973)

If Dow is forming its major wave (6), very likely, Dow has just completed the major wave (6).

Another possibility for Dow is as shown below. Mega wave 1 has only 5 waves and it has been completed. Dow is going to move side-way to complete its complex mega wave 2.

FBMKLCI (1,643)

Hopefully KLCI has completed its sub-wave ii and soon sub-wave iii can start to run.

Dutaland Bhd (Rm 0.465)

If my wave count for Duta is correct, Duta is going to surge with very high volume.

EG Industries Bhd (Rm 0.835)

Currently EG is forming its major wave 4. Major wave 5 can be quite juicy.

Farms Best Bhd (Rm 0.815)

The current pullback is the sub-wave viii. It may need a few more days to complete its sub-wave viii.

Insas Bhd (Rm 0.675)

If I am right in my chart reading, Insas is about to start the sub-wave iii of its major wave 5.

Pan Malaysia Corporation Bhd (Rm 0.295)

PMCorp is about to complete its major wave 5. A failure 5 will stop its journey at 36 sens.

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Flying Stars for 2016 Fire Monkey

Want to know where are the good and bad locations of your house? One way is to refer to the Flying Stars Feng Shui Chart and superimposed the chart on the layout plan of your house. Make sure to confirm the directions with a compass.

The 2016 Feng Shui year started on 4th February (Li Chun) and will end on 3rd February 2017. For 2016, the stars arrangement is as shown below.

The most prosperous locations for the Monkey year are East (9), south-east (1) and south-west (8).

Star 9-purple governs success and prosperity. It also brings indirect wealth (from stock investment?) and happiness (making money, sure happy lah).

Star 1-white is the most auspicious star. With nobleman popping up around you, what is that to worry, career, romance, academic, resources, 'soon soon li li', no problem.

Star 8-white is the most prosperous and vibrant sector with plenty of positive 'Qi' and it is your wealth sector.

Bad locations are centre (2), north-east (5), north (7) and north-west (3).

Star 2-black (centre) and 5-yellow (north-east) must be avoided. Try not to stay for long hours (reading, playing games .....) or sleeping in these two sectors to avoid illness, ill luck and misfortune.

Star 7-red (north) could bring unnecessary gossip, backstabbing, litigation ...... Leave this corner as a quiet place, not to be agitated or activated.

Star 3-jade (north-west) is a hostile star that brings misunderstanding, quarrel, fighting, conflict, lawsuit etc. Best not to disturbed. Don't place your powerful hi-fi system there.

4 Green is located on the west sector in 2016. This star is for romance and education. It is good in period 7 (1984-2003) but must handle with care in period 8 (2004-2023). Better consult a 'Feng Shui sifu'

Star 6-white (south) governs career advancement and authority. But unfortunately in 2016, this sector is weak and is where 'San Sha' 三煞 or another name 'three killings' is located. It is best to leave this location alone quietly for one year. No construction, not to dig, to bang, to hammer and to make noise.

Another one to pay attention is the location of Tai Sui 太岁. This year Tai Sui or the 'Grand Duke' is located at south-west 3. Try not to clash with Tai Sui to avoid bad luck, emotional unrest, stress and lawsuit.

Many many years ago I bought a small bronz 'Pi Yao' 貔貅. My 'sifu' advised me to place a Pi Yao at the location of Tai Sui as a protective cure against the negative energy (Qi) of Tai Sui. This is just for my own peace of mind. whether the Pi Yao really worked or not, I don't really bother to verify.

 Happy Chinese New Year to all of you

Huat Ah 2016

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CLSA Feng Shui Index 2016

CLSA (Credit Lyonnais Securities Asia) is Asia's leading equity brokers and investment groups focused on institutional broking, investment banking and asset management to corporate and institutional clients around the world.

Every year, before the Chinese New Year, CLSA will publish a Feng Shui Index that forecast the performance of Hang Seng during the new lunar year.

For the coming 2016 'Monkey' year, the forecast is as shown below.

The market is expected to reach its peak in March and its bottom in June, and moves side way for the rest of the year. The market is expected to end the Monkey year at almost the same level at its starting point.

Click 'CLSA Feng Shui Index 2016' for the article.

It may be interesting to look at the accuracy of their forecast for the last four years.


2012

For 2012 Dragon year, at a glance, the general trend looked the same. Highly accurate. However if I compared the actual Hang Seng Index with the Feng Shui Index on a monthly basis, then only 6 out of 12 months were correct. The bottom for the year is out by two months. Instead of August, Hang Seng has its bottom in June.

2013

Very bad forecast. The general trend for the first 8 months is completely opposite each other. On monthly comparison, Only 4 out of 12 months were correct. The market bottom is out by three months. If one were to wait for CLSA's projected bottom in September, from June's 19,800 level to September 23,500 level, the market has already moved up by 18.7% and is 2% away from its 2013's peak of 24,000.

2014

Very good forecast. The general trend is highly accurate. Market peak was out by about a month. For monthly comparison, 8 out of 12 months were correct.

2015

For 2015, the forecast was disastrous. Actual market performance was much worst then the forecast. Market peak was out by 3 months. On monthly comparison, only 5 out of 12 months were correct. Hang Seng ended the year in the negative territory instead of in the positive territory.

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Li Chun (立春) 4th February

Based on the movement of the sun, for farming purposes, the ancient Chinese divided a year into 24 solar seasons (節氣).

Most people may not know all the 24 solar seasons but I am sure most of the Chinese know at least two of them, namely 'Ching Ming' (清明) on 4th April and 'Winter Solstice' (冬至) on 22nd December.

Another interesting solar season for the Chinese in Hong Kong is on 5th March,  'Awakening of Insects' (惊蛰).  

It is a day when one can carry out an ancient Chinese ritual of 'Da Siu Yan' (打小人) or 'beating the petty little people' with your shoe so that you will meet only good people for that year.  

Li Chun (立春) 4th February

According to some 'Feng Shui Sifu', Li Chun marks the starting of 2016 'Monkey' year. But for the traditional Chinese that follow the Lunar Calendar, 2016 'Monkey' year is from 8th February 2016 (年初一) to 27th January 2017. The 'Rooster' will takeover on 28th January 2017.

Based on Lunar Calendar, since this 2016 Monkey year will start on 8th February 2016, which is 4 days after 'Li Chun' and it will end on 27th January 2017, which is 5 days before the next 'Li Chun' that is on 4th February 2017, there is no 'Li Chun' for this Monkey year. A Lunar year without 'Li Chun' is called a 'Blind Year'. Some believed that 'Blind Year' is not auspicious for getting married.

For the next 'Rooster' year from 28th January 2017 to 16th February 2018, there will be two 'Li Chun', which is made possible because the 2017 'Rooster' year has 13 months. There will be two '6th month' in 2017. This 13 month a year pushes the Chinese New Year from January back to February again.

The ancient Chinese noticed that the Lunar year was shorter than the Solar year by 10 days a year, by having 13 months once every 3 year, the 24 solar seasons can be kept quite accurately for farming activities. 

The Muslim lunar calendar does not have this 'once every 3 years 13-month adjustment', their 'Hari Raya Puasa' will continue to move forward by 10 days every year. And one day in about 22 years time we will celebrate Chinese New Year and Hari Raya Puasa together again.

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Emico Holdings Bhd (Rm 0.325)

Out of the two possibilities that I mentioned on January 10, the major wave 4 correction turned out to be the right scenario.

It appeared to me that Emico has completed its major wave 4 and it is forming the major wave 5 of its mega wave (3).

Looking at the magnitude of mega wave (1) as shown in the 5-year and 20-year charts, very likely mega wave (3) is going to have 9 major waves.


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