Can KLCI hold above the top of sub-wave i at around 1792 level?
If can hold, KLCI is on its sub-wave iv. KLCI is half way through its major wave 5.
If KLCI goes below 1792 level I will have to see what are the other possible options.
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Wednesday, May 23, 2018
FBMKLCI plunged 40 points (-2.2%)
How not to plunged?
Can KLCI hold above the top of sub-wave i at around 1792 level?
If can hold, KLCI is on its sub-wave iv. KLCI is half way through its major wave 5.
If KLCI goes below 1792 level I will have to see what are the other possible options.
.
Can KLCI hold above the top of sub-wave i at around 1792 level?
If can hold, KLCI is on its sub-wave iv. KLCI is half way through its major wave 5.
If KLCI goes below 1792 level I will have to see what are the other possible options.
.
Tuesday, May 22, 2018
Crude Oil WTI (US$ 72.19) - Heading for US$ 85.00
Crude oil WTI continues with its wave D formation.
It is likely to hit US$85.00 before turning south to complete its wave E. When WTI reaches US$85.00, brent crude is likely to reach US$95.00.
Miscellaneous
It is likely to hit US$85.00 before turning south to complete its wave E. When WTI reaches US$85.00, brent crude is likely to reach US$95.00.
Miscellaneous
I guess he was talking about BN.
"It looks like me and sounds like me"
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Monday, May 21, 2018
Dow gained 298 points to 25,013
Dow moved up strongly on Monday when the US and China came to an agreement to drop their tariff threats.
The close to 1.2% gain has practically shorten both the duration and magnitude of its sub-wave ii. Or can this be a lower degree correction?
By assuming that sub-wave ii has ended, Dow has formed the first candlestick of its sub-wave iii.
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The close to 1.2% gain has practically shorten both the duration and magnitude of its sub-wave ii. Or can this be a lower degree correction?
By assuming that sub-wave ii has ended, Dow has formed the first candlestick of its sub-wave iii.
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Sunday, May 20, 2018
Weekly Update
Dow (24,715)
Dow continues with its major wave 9 formation.
FBMKLCI (1,854)
As I have explained in my early posting, very likely KLCI is forming its sub-wave iv.
Insas Bhd (Rm 0.855)
Insas has started its major wave 5 formation.
EG Industries Bhd (Rm 0.51)
EG is forming its wave iv of C.
Priceworth International Bhd (Rm 0.275)
Pworth has completed its major wave 2 with an intraday low of 15 sens on the first trading day after the GE14. It is forming its major wave 3 at the moment.
Pworth will be having its EGM on next Tuesday (22/5/2018) to approve the proposed acquisition of Rumpun Capaian Snd Bhd and the proposed Rights (2 for 1 @ 5 sens each) and Bonus Issue (1 for 2 rights subscribed).
Miscellaneous
It appeared to me that this gentleman is still don't understand why his party has lost the GE14.
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Dow continues with its major wave 9 formation.
FBMKLCI (1,854)
As I have explained in my early posting, very likely KLCI is forming its sub-wave iv.
Insas Bhd (Rm 0.855)
Insas has started its major wave 5 formation.
EG Industries Bhd (Rm 0.51)
EG is forming its wave iv of C.
Priceworth International Bhd (Rm 0.275)
Pworth has completed its major wave 2 with an intraday low of 15 sens on the first trading day after the GE14. It is forming its major wave 3 at the moment.
Pworth will be having its EGM on next Tuesday (22/5/2018) to approve the proposed acquisition of Rumpun Capaian Snd Bhd and the proposed Rights (2 for 1 @ 5 sens each) and Bonus Issue (1 for 2 rights subscribed).
Miscellaneous
It appeared to me that this gentleman is still don't understand why his party has lost the GE14.
.
Tuesday, May 15, 2018
What is Malay Mail up to ?
Another dirty work from the Malay Mail.
At a glance, it gives the readers the impression that those words were from Dr. Wan Azizah. But the details from the reports on what Dr. Wan Azizah has actually said was more on what they are going to do, what they are doing and what they have done in the last few days.
Click 'Malay Mail Reports' for the original reports.
Can she sue the Malay Mail?
.
At a glance, it gives the readers the impression that those words were from Dr. Wan Azizah. But the details from the reports on what Dr. Wan Azizah has actually said was more on what they are going to do, what they are doing and what they have done in the last few days.
Click 'Malay Mail Reports' for the original reports.
Can she sue the Malay Mail?
.
Latest development
The 'Institutional Reforms Committee' was set up to help bring about the badly needed institutional reform.
Sunday, May 13, 2018
I feel good.
I have been feeling so nice, relaxing and wonderful since May 10. Why? No more living under the 'rule' of UMNO dude 😄.
Hopefully the new government will be fair, clean and transparent. Hopefully no more leakage and this should be good for the ringgit, economy and the stock market in longer term. Who know ringgit might ultimately go back to those good old days of Rm2.50 to 1 USD.
Dow (24,831)
Dow managed to break the upper channel line on last Wednesday and continued to move high in the following two trading days.
Wave E is usually highly unpredictable. It can either 'fall short' or 'over shoot'. In this case it has chosen the 'fall short' to end its major wave 8. A weak major wave 9 is likely to reach the minimum target of 26,600 to form a 'double-top' reversal pattern. Dow can also end its major wave 9 with an euphoric run-up to unprecedented territory before the bubble burst.
FBMKLCI (1,846)
KLCI can be 'easily manipulated' by moving the prices of a few 'heavy weights'. You might have observed that quite often the index could be moving higher but there were more losers than gainers and vice versa.
By comparing the last 6 months FBMKLCI chart with the Industrial Index, you can see that something is not right.
At this moment KLCI is slightly lower than its record high and yet there are many stocks that have dropped more than 50% from their heights.
Now, for the first time since independence (1957), the BN/UMNO has collapsed and Pakatan Harapan under the leadership of Dr. Mahathir has taken over Putra Jaya. I expect a volatile market in the short term. But under the Pakatan Harapan, I expect both the currency and the economy to improve in longer term.
I have a few possible wave counts for KLCI that I have mentioned two months ago. At this moment I tend to go for the more bullish option - KLCI has not yet completed its major wave 5.
.
Hopefully the new government will be fair, clean and transparent. Hopefully no more leakage and this should be good for the ringgit, economy and the stock market in longer term. Who know ringgit might ultimately go back to those good old days of Rm2.50 to 1 USD.
Dow (24,831)
Dow managed to break the upper channel line on last Wednesday and continued to move high in the following two trading days.
Wave E is usually highly unpredictable. It can either 'fall short' or 'over shoot'. In this case it has chosen the 'fall short' to end its major wave 8. A weak major wave 9 is likely to reach the minimum target of 26,600 to form a 'double-top' reversal pattern. Dow can also end its major wave 9 with an euphoric run-up to unprecedented territory before the bubble burst.
FBMKLCI (1,846)
KLCI can be 'easily manipulated' by moving the prices of a few 'heavy weights'. You might have observed that quite often the index could be moving higher but there were more losers than gainers and vice versa.
By comparing the last 6 months FBMKLCI chart with the Industrial Index, you can see that something is not right.
At this moment KLCI is slightly lower than its record high and yet there are many stocks that have dropped more than 50% from their heights.
Now, for the first time since independence (1957), the BN/UMNO has collapsed and Pakatan Harapan under the leadership of Dr. Mahathir has taken over Putra Jaya. I expect a volatile market in the short term. But under the Pakatan Harapan, I expect both the currency and the economy to improve in longer term.
I have a few possible wave counts for KLCI that I have mentioned two months ago. At this moment I tend to go for the more bullish option - KLCI has not yet completed its major wave 5.
.
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