Pray hard that this is a major wave 8 correction and major wave 9 is not missing. Keep your fingers crossed.
At this moment Nakkei has dropped about 700 points (-3%)
And S&P/ASX 200 has dropped about 85 points (-1.4%)
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Thursday, February 8, 2018
Dow - Another 1,032 points
Dow dropped another 1,032 points (-4.15%) on Thursday. With this we can forget about wave (iv) and hope that it will stop at 22,600 level for a 15% major wave 8 correction. Intraday panic selling may see Dow goes a few 100s points below 22,600.
Pray hard that this is a major wave 8 correction and major wave 9 is not missing. Keep your fingers crossed.
At this moment Nakkei has dropped about 700 points (-3%)
And S&P/ASX 200 has dropped about 85 points (-1.4%)
.
Pray hard that this is a major wave 8 correction and major wave 9 is not missing. Keep your fingers crossed.
At this moment Nakkei has dropped about 700 points (-3%)
And S&P/ASX 200 has dropped about 85 points (-1.4%)
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Wednesday, February 7, 2018
CLSA Feng Shui Index 2018
Li Chun立春marks the starting of the 'Dog' year as well as the CLSA Feng Sui Index 2018.
It says that stock market won't be good until July. But after July bull is expected to take control.
Let's look at the CLSA Feng Shui Index 2017 with respect to the performance of the Hang Seng Index in 2017.
Going for a month-by-month comparison, it is 50% correct.
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It says that stock market won't be good until July. But after July bull is expected to take control.
Let's look at the CLSA Feng Shui Index 2017 with respect to the performance of the Hang Seng Index in 2017.
Going for a month-by-month comparison, it is 50% correct.
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Tuesday, February 6, 2018
When Uncle Sam sneezes, the whole world catches cold.
When Dow dropped another 1175 points (-4.6%) on Monday after its 665 points (-2.5%) drop on Friday, Major Asian and European markets dropped in tandem on Tuesday.
At this moment all Asian markets have closed while the European markets are not yet close.
Dow (24,345)
As I have mentioned previously, very likely Dow has ended its major wave 7 and is having its major wave 8 correction.
From its peak of 26,616, Dow has dropped 2,271 points or -8.5%, half way through the correction, wave A is about there. Next rebound can be the wave B.
By now I can eliminate the sub wave vi's option that I mentioned previously but I still cannot eliminate the wave (vi)'s option especially if Dow can have a 'V-reversal' and can continue to run higher with more record new highs.
One thing is for sure, this is not a market collapse and the assets bubble is not going to burst at this moment. The worst that can happen is a 15% correction and we have already half way through. More optimistic is a wave (vi) correction that is almost completed.
This is just a healthy correction but do remember anything can happen in the stock market and I can be wrong too. This is only my current opinion based on the current data that I have.
At this moment all Asian markets have closed while the European markets are not yet close.
Dow (24,345)
As I have mentioned previously, very likely Dow has ended its major wave 7 and is having its major wave 8 correction.
From its peak of 26,616, Dow has dropped 2,271 points or -8.5%, half way through the correction, wave A is about there. Next rebound can be the wave B.
By now I can eliminate the sub wave vi's option that I mentioned previously but I still cannot eliminate the wave (vi)'s option especially if Dow can have a 'V-reversal' and can continue to run higher with more record new highs.
One thing is for sure, this is not a market collapse and the assets bubble is not going to burst at this moment. The worst that can happen is a 15% correction and we have already half way through. More optimistic is a wave (vi) correction that is almost completed.
This is just a healthy correction but do remember anything can happen in the stock market and I can be wrong too. This is only my current opinion based on the current data that I have.
Sunday, February 4, 2018
Li Chun 立春 - Starting of the Earth Dog
Li Chun 立春, literally means the beginning of spring, falls on February 4. It also marks the beginning of the 'Earth Dog' year.
The new locations for the Flying Stars for the 'Earth Dog' is as shown.
The worst sector is the 'North', where we have '5 yellow' plus '3 killing'. It is best not to disturb or activate this sector if you are a strong believer of 'Feng Shui'. No renovation, no construction, no home hifi or home theater on this sector. Another sector not to be disturbed is the North-West where the Grand Duke or Tai Sui is sitting.
Best sector for businessman is at the South-East and for young man is the South and South-West. For the elderly, try not to have your bed on the West or North sector of your house.
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Saturday, February 3, 2018
Weekly Update
Dow (25,520)
Dow dropped 1096 points (-4%) within a week and with a gap on Tuesday. Is that the 'exhaust gap'? As I have mentioned previously, very likely the turning point is the end of its major wave 7.
And of course there are other possibility that I cannot rule out. The current pullback can also be a sub-wave vi correction.
Or a wave (vi) correction.
FBMKLCI (1,870)
KLCI is about to complete its mini wave 9. The main question is whether this is the end of sub-wave iii or wave (iii).
EG Industries Bhd (Rm 0.615)
Once EG dropped below the 66 sens level, I have to revise my previous wave count. The only logical count that I can come up with is a 1-2-3-4-5 wave count with the peak as mega wave (1). But it is really hard to accept the fact that the duration of major wave 4 is so much shorter than that of major wave 2.
Inari Amertron Bhd (Rm 3.17)
Inari has ended its wave (vii). The current correction is the wave (viii). Hopefully wave (ix), the last wave is not missing.
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Dow dropped 1096 points (-4%) within a week and with a gap on Tuesday. Is that the 'exhaust gap'? As I have mentioned previously, very likely the turning point is the end of its major wave 7.
And of course there are other possibility that I cannot rule out. The current pullback can also be a sub-wave vi correction.
Or a wave (vi) correction.
FBMKLCI (1,870)
KLCI is about to complete its mini wave 9. The main question is whether this is the end of sub-wave iii or wave (iii).
EG Industries Bhd (Rm 0.615)
Once EG dropped below the 66 sens level, I have to revise my previous wave count. The only logical count that I can come up with is a 1-2-3-4-5 wave count with the peak as mega wave (1). But it is really hard to accept the fact that the duration of major wave 4 is so much shorter than that of major wave 2.
Inari Amertron Bhd (Rm 3.17)
Inari has ended its wave (vii). The current correction is the wave (viii). Hopefully wave (ix), the last wave is not missing.
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Wednesday, January 31, 2018
Priceworth International Bhd (Rm 0.255)
Pworth's current pullback is too deep for me to maintain my previous wave count. It appeared to me that very likely Pworth is forming an ascending triangles wave (v).
In a less likely scenario, it can be forming a sub-wave i-ii. If so, in the next few trading sessions Pworth should keep on going higher and should break the upper trendline.
A very bullish option is a i-ii, 1-2 formation with the next uptrend as the mini wave 3.
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In a less likely scenario, it can be forming a sub-wave i-ii. If so, in the next few trading sessions Pworth should keep on going higher and should break the upper trendline.
A very bullish option is a i-ii, 1-2 formation with the next uptrend as the mini wave 3.
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