This last wave C can have a maximum drop of 9.7% to 22,750 level unless it is a failure wave. Due to the strong upward momentum of major wave 9 it is possible for wave C to cut short its journey.
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Thursday, July 19, 2018
Dow (25,199) - Very likely its wave B will end on Thursday.
With all the mini mini wave's extension, It appeared to me that Dow has stretched itself to the limit to complete its wave B.
This last wave C can have a maximum drop of 9.7% to 22,750 level unless it is a failure wave. Due to the strong upward momentum of major wave 9 it is possible for wave C to cut short its journey.
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This last wave C can have a maximum drop of 9.7% to 22,750 level unless it is a failure wave. Due to the strong upward momentum of major wave 9 it is possible for wave C to cut short its journey.
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Wednesday, July 18, 2018
EG Industries Bhd (Rm 0.535)
Is EG forming a big inverted 'Head and Shoulder' pattern ?
EG is either at the tail-end of its mega wave (2) or it has just completed its mega wave (2).
For inverted head and shoulder, possible price target after breaking the neckline is one length up with magnitude same as that from its bottom to the neckline. This is the minimum target.
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EG is either at the tail-end of its mega wave (2) or it has just completed its mega wave (2).
For inverted head and shoulder, possible price target after breaking the neckline is one length up with magnitude same as that from its bottom to the neckline. This is the minimum target.
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Saturday, July 14, 2018
Weekly Update
Dow (25,019)
Dow has a slight extension to its wave B that can be seen from its 60-minute interval chart. If my wave count is correct, Dow will start to move lower very soon.
FBMKLCI (1,721)
To move in tandem with Dow's completion of its major wave 8, I expect KLCI to complete its wave (ii) during the same time, unless I am wrong in my wave count. Let's wait and see.
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Dow has a slight extension to its wave B that can be seen from its 60-minute interval chart. If my wave count is correct, Dow will start to move lower very soon.
FBMKLCI (1,721)
To move in tandem with Dow's completion of its major wave 8, I expect KLCI to complete its wave (ii) during the same time, unless I am wrong in my wave count. Let's wait and see.
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Wednesday, July 11, 2018
Dow (24,700) - Wave B completed
Dow dropped 219 points (-0.88%) on Wednesday. Very likely it is going to drop to 22,750 level for another 7.9% drop to complete its major wave 8.
Hopefully major wave 9 can start before August.
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Hopefully major wave 9 can start before August.
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Tuesday, July 10, 2018
A beautiful country house
It is sitting on 2.9 acres of land. The built-up area is 4,067 sq. ft.
The price
The layout is quite ideal.
To view the house and its interior click 'Milton, Amulree, Dunkeld'.
You can find the location of this property from Google Earth.
And about 100 km north of Edinburgh
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Sunday, July 8, 2018
Dow and FBMKLCI
Dow (24,456)
Dow continued with its wave B rebound. I am looking at 24,800 for B and 22,750 level for C to complete the current major wave 8 pullback.
Hopefully major wave 9 will be there with a projected target of 35,000.
In a long-term chart, the 14.5% major wave 8 correction appeared to be insignificant.
If the end of major wave 9 is also the end of super wave VII, the following super wave VIII correction can be very damaging. The pullback can be as high as 50%. Be very very careful because when Dow plunges, the whole world is going to plunge together with it.
FBMKLCI (1,663)
In order for KLCI to move in tandem with the Dow, I have developed a hypothesis that the current downtrend of KLCI can be the wave (ii) of major wave 5. But one important condition is KLCI cannot drop below the low of major wave 4 of 1,532 level recorded on 24 August 2015.
With this wave count, the current wave (ii) pullback will end when Dow finishes its major wave 8 and KLCI can have its uptrend of wave (iii), (iv) and (v) of its major wave 5 while Dow is forming its major wave 9.
From its current level of 1,663 to 1,532 the drop for KLCI is going to be 7.8%. This magnitude is quite comparable to that of Dow if it were to drop from my projected wave B level of 24,800 to my projected wave C low of 22,750. The drop is about 8.2%.
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Dow continued with its wave B rebound. I am looking at 24,800 for B and 22,750 level for C to complete the current major wave 8 pullback.
Hopefully major wave 9 will be there with a projected target of 35,000.
In a long-term chart, the 14.5% major wave 8 correction appeared to be insignificant.
If the end of major wave 9 is also the end of super wave VII, the following super wave VIII correction can be very damaging. The pullback can be as high as 50%. Be very very careful because when Dow plunges, the whole world is going to plunge together with it.
FBMKLCI (1,663)
In order for KLCI to move in tandem with the Dow, I have developed a hypothesis that the current downtrend of KLCI can be the wave (ii) of major wave 5. But one important condition is KLCI cannot drop below the low of major wave 4 of 1,532 level recorded on 24 August 2015.
With this wave count, the current wave (ii) pullback will end when Dow finishes its major wave 8 and KLCI can have its uptrend of wave (iii), (iv) and (v) of its major wave 5 while Dow is forming its major wave 9.
From its current level of 1,663 to 1,532 the drop for KLCI is going to be 7.8%. This magnitude is quite comparable to that of Dow if it were to drop from my projected wave B level of 24,800 to my projected wave C low of 22,750. The drop is about 8.2%.
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Friday, July 6, 2018
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