EG - The starting of its major wave 5 ?

The possibility is there. If it is really on its major wave 5, its warrant-C should give better return than the mother share.

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Dutaland Bhd (Rm 0.64) - Can it break and run.

Dutaland has been moving side way since 2009 forming a complex corrective wave, its major wave (2). Its OBV is indicating strong accumulation in the last 8 years.

There is a possibility that the low at 40 sens in December 2016 is the bottom for Duta. In the next few days if Duta can move higher and can pull away from the 66 sens level, then the current run-up could be the wave (iii) of 3 of (3) with high volume and with great magnitude, an unmistakable dynamic run-up.

However if it is unable to move higher from its current level, at best, it is more likely that Duta is forming its major wave 4.

The worst case is Duta remains stuck in its mega wave (2) consolidation.

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Dow Continues to go North

Dow (22,641)

Two days ago, I expected the Dow to go side way and lower to form its mini wave 7. But Dow, instead of going for a correction, it went higher for two days of record breaking, making last week correction a minor wave i-ii of its mini wave 7. I will have to wait for the completion of mini wave 7, 8 and 9 to see how high sub-wave v is going to end. And whether that is going to be the end of wave (v) and its major wave 7. The major wave 8 with 15% correction will have to wait for a while.

Be prepared to meet failure waves as the 15% pullback is likely to come at the most unexpected moment when investors are most bullish.

After the major wave 8 correction that is expected to end in 2018, there will be a major wave 9 of VII run-up with more new records for Dow.

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FBMKLCI continues to go south

FBMKLCI (1,755)

KLCI Dropped 16 points in the last 5 trading days to close the week at 1,755 level. KLCI continues with its wave (iii) of C formation.

Dow (22,405)

Very likely Dow has completed its mini wave 7. I expect Dow to move side way in October to form its mini wave 8.

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Priceworth International Bhd (Rm 0.26)

Pworth gained 2 sens today to form its mini wave 5 that I have been looking for to confirm the formation of wave (v).

Sub-wave ii correction will provide a good entry point at around 23 sens level. I expect wave (v) to reach around 34 or 35 sens level. But if wave (v) can go above 40 sens, then it may proceed to form wave (vi), (vii), (viii) and (ix). Major wave 1-2 might not take place so soon.

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Taybeh's Oktoberfest

Taybeh (Arabic: الطيبة‎‎), a small Christian village in the West Bank with a population of around 1,450.

Taybeh is the home of Taybeh Brewery that produces a variety of beers (Golden, Light, Amber, Dark, and White) and wines (Merlot, Cabernet, Sauvignon and Syrah).

The brewery sells 6 million litres a year, and exports its product to Europe and Japan.

Since 2005, Taybeh has its Oktoberfest celebration every year, aiming at promoting local Palestinian products and attracting tourism. The celebration offers beer competitions, cultural, traditional and musical performances and other attractions. For this year Taybeh has just held its Oktoberfest a few days ago on 16 & 17 September.

Since 2015, Taybeh started to have its annual vinfest too. On February this year Taybeh held its Vinfest 2017.

Any problem ? No problem. Yumyumyumyumsinnnnnng.

A Tale of Two Cities

I guess that is why the exchange rate of our ringgit to Singapore dollar dropped from 1 ringgit to 1 Singapore dollar in the 1970's to the current 3.1 ringgit to 1 Singapore dollar.

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