Looking at the CLSA Feng Shui Index for 2018, if it does apply to Bursa Malaysia, we will need to wait until July for the market to go up.
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Thursday, February 15, 2018
Monday, February 12, 2018
Dow jumped 410 points (+1.7%) to 24,601
If Dow can move above its last Tuesday's high of 24,912, the current run-up is likely to be the wave B of its major wave 8.
But if Dow starts to go lower again from here, then Dow is forming 7 waves for its major wave 8.
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But if Dow starts to go lower again from here, then Dow is forming 7 waves for its major wave 8.
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Sunday, February 11, 2018
Weekly Update
Dow(24,190)
Very likely Dow is heading for 22,600 to complete its major wave 8, the 15% correction.
FBMKLCI (1,819)
I have adjusted my wave count for KLCI as shown below because if Dow is heading for a major correction, KLCI should move down in tandem with Dow, it is more likely that wave C is in progress.
EG Industries Bhd (Rm0.515)
EG's share price plunged close to 20% in the last 6 trading sessions with a long wave iii of C. Possible support is at the 43.5 sens level, the low of wave A and C of the major wave 4.
Looking at its 20-year chart, I noticed that the mega wave (2) is possibly forming an 'inverted head ans shoulders' pattern. If it finally turns out to be this pattern, then this is a bullish long term chart. Its mega wave (3) might take 4 to 5 years to complete with minimum target at Rm 2.60.
Aemulus Holdings Bhd (Rm 0.53)
With Dow dropping more than 1000 points twice within a week and with KLCI plunged in tandem, many stocks have gone below their respective lower support level, EG is one of them and Aemulus is another one with a long wave c. Possible support is at 45 sens level, another 15% to go. I am expecting a wave iv rebound before the final drop.
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Very likely Dow is heading for 22,600 to complete its major wave 8, the 15% correction.
FBMKLCI (1,819)
I have adjusted my wave count for KLCI as shown below because if Dow is heading for a major correction, KLCI should move down in tandem with Dow, it is more likely that wave C is in progress.
EG Industries Bhd (Rm0.515)
EG's share price plunged close to 20% in the last 6 trading sessions with a long wave iii of C. Possible support is at the 43.5 sens level, the low of wave A and C of the major wave 4.
Looking at its 20-year chart, I noticed that the mega wave (2) is possibly forming an 'inverted head ans shoulders' pattern. If it finally turns out to be this pattern, then this is a bullish long term chart. Its mega wave (3) might take 4 to 5 years to complete with minimum target at Rm 2.60.
Aemulus Holdings Bhd (Rm 0.53)
With Dow dropping more than 1000 points twice within a week and with KLCI plunged in tandem, many stocks have gone below their respective lower support level, EG is one of them and Aemulus is another one with a long wave c. Possible support is at 45 sens level, another 15% to go. I am expecting a wave iv rebound before the final drop.
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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%)
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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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