Thursday, November 7, 2019
Wednesday, November 6, 2019
Shameless
Shame on you, shame on you, shame on you.
Shouldn't you 'Chop off hands'
of those that swindled our money?
of those that swindled our money?
Monday, November 4, 2019
How can one give his vote to Dr. Wee Jeck Seng?
Once you see the one involved in the 1MDB court case smiling near him, how to vote for Dr. Wee?
I always believe birds of a feather flock together.
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I always believe birds of a feather flock together.
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USD/MYR (4.1535)
USD/MYR weekly chart shows that minor wave iv is almost there. Next will be the minor wave v formation that is likely to stop at 4.265 to complete the wave (ii).
The wave (iii) of C is likely to bring USD/MYR to below 4.00
From the monthly chart if USD/MYR is forming a 5-3-5, A-B-C major wave (2), the wave C is possible to end near 2.50 level unless it is moving side-way with a contracting A-B-C-D-E formation for its major wave (2). Then wave C is more likely to end around 3.00 level before moving up again to the 4.00 level to form the wave D. Since this is a monthly chart, each candlestick is one month, it is going to years to complete the C.
USD/MYR took 13.5 years (including the 6 years where MYR was pegged at Rm3.80 to US$1.00) to complete its wave A and another 5.25 years to complete its wave B. My guess is wave C is likely to take at least another 5 to 6 years to complete, that is sometimes in 2026.
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The wave (iii) of C is likely to bring USD/MYR to below 4.00
From the monthly chart if USD/MYR is forming a 5-3-5, A-B-C major wave (2), the wave C is possible to end near 2.50 level unless it is moving side-way with a contracting A-B-C-D-E formation for its major wave (2). Then wave C is more likely to end around 3.00 level before moving up again to the 4.00 level to form the wave D. Since this is a monthly chart, each candlestick is one month, it is going to years to complete the C.
USD/MYR took 13.5 years (including the 6 years where MYR was pegged at Rm3.80 to US$1.00) to complete its wave A and another 5.25 years to complete its wave B. My guess is wave C is likely to take at least another 5 to 6 years to complete, that is sometimes in 2026.
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Sunday, November 3, 2019
Dow - Bull or Bear
Dow (27,347)
Mini wave 3 of ii has already formed 5 minor waves, and a potential 'double-top' reversal pattern is already there. For the bearish scenario, wave iii of E can start anytime unless I am wrong for being too bearish.
But if Dow can continue its current up-tread by punching through its ceiling heading for 28,000 and beyond as shown below, then I have no choice but to accept the fact that Dow has completed its major wave 8 in December 2018 with a simple 3-3-5, A-B-C corrective wave with wave C having only 3 waves instead of 5 (with wave iv and v of C missing).
If Dow can confirm this bullish scenario in November, hopefully all the world markets can turn bullish too to move in tandem with the 'Big-Brother'.
One bad news announced on Friday (November 1) by the U.S. Treasury Department - the federal government's outstanding public debt has surpassed US$23 trillion for the first time in history. In the 2019 fiscal year, the US government had to pay US$376 billion just on the interest alone.
This interest amount is more than the combined annual cost for education, agriculture, transportation and housing. How can the US survive? Well, they are different from Venezuela, Argentina or many other countries because USD is a world currency and they can just keep on printing.
Insas Bhd (Rm0.86)
Hopefully Insas has completed its minor wave ii last week with last Friday's green candlestick being the starting of the minor wave iii of its mini wave 3.
On 24 October 2019, Hong Leong Investment Bank Research has published a paper on Insas, click 'Insas-A hidden gem' for the paper.
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Mini wave 3 of ii has already formed 5 minor waves, and a potential 'double-top' reversal pattern is already there. For the bearish scenario, wave iii of E can start anytime unless I am wrong for being too bearish.
But if Dow can continue its current up-tread by punching through its ceiling heading for 28,000 and beyond as shown below, then I have no choice but to accept the fact that Dow has completed its major wave 8 in December 2018 with a simple 3-3-5, A-B-C corrective wave with wave C having only 3 waves instead of 5 (with wave iv and v of C missing).
If Dow can confirm this bullish scenario in November, hopefully all the world markets can turn bullish too to move in tandem with the 'Big-Brother'.
One bad news announced on Friday (November 1) by the U.S. Treasury Department - the federal government's outstanding public debt has surpassed US$23 trillion for the first time in history. In the 2019 fiscal year, the US government had to pay US$376 billion just on the interest alone.
This interest amount is more than the combined annual cost for education, agriculture, transportation and housing. How can the US survive? Well, they are different from Venezuela, Argentina or many other countries because USD is a world currency and they can just keep on printing.
Insas Bhd (Rm0.86)
Hopefully Insas has completed its minor wave ii last week with last Friday's green candlestick being the starting of the minor wave iii of its mini wave 3.
On 24 October 2019, Hong Leong Investment Bank Research has published a paper on Insas, click 'Insas-A hidden gem' for the paper.
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Tuesday, October 29, 2019
Go for the 'Third Force'
To vote for Mahathir is out of the question at this moment and to vote for BN+Pas is out of my way, I have no choice now but to go for the 'third force'.
If BN's candidate is a Malay and if Gerakan can capture all the previous DAP's vote plus some previous MCA vote, Gerakan has high possibility of winning.
But if BN put in a MCA member with genuine support from UMNO and partial support from Pas, it is hard to predict the winner. I am assuming some Malay voters would vote for Bersatu's candidate - a Malay.
But if BN put in a MCA member but with little support given and with majority of the UMNO and Pas members go along the racial line in voting, then Bersatu can win the election with very big margin under the Malay and Muslim agenda. If MCA lose the contest, BN will have very good reason to take the seat from MCA in the next General Election. That means BN's target is to win this same seat not now but in the GE-15 with a Malay candidates. By putting in a MCA candidate in this by-election UMNO can - firstly to pave the way for a Pas or Umno candidate in GE-15, secondly to test the power of Malay unity and thirdly to give a favor to Mahathir and at the same time to convince Mahathir the possibility of forming a new Government with UMNO, Pas, Bersatu, half-PKR, GPS plus others such as MIC and MCA to maintain a superficially multi-racial government.
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If BN's candidate is a Malay and if Gerakan can capture all the previous DAP's vote plus some previous MCA vote, Gerakan has high possibility of winning.
But if BN put in a MCA member with genuine support from UMNO and partial support from Pas, it is hard to predict the winner. I am assuming some Malay voters would vote for Bersatu's candidate - a Malay.
But if BN put in a MCA member but with little support given and with majority of the UMNO and Pas members go along the racial line in voting, then Bersatu can win the election with very big margin under the Malay and Muslim agenda. If MCA lose the contest, BN will have very good reason to take the seat from MCA in the next General Election. That means BN's target is to win this same seat not now but in the GE-15 with a Malay candidates. By putting in a MCA candidate in this by-election UMNO can - firstly to pave the way for a Pas or Umno candidate in GE-15, secondly to test the power of Malay unity and thirdly to give a favor to Mahathir and at the same time to convince Mahathir the possibility of forming a new Government with UMNO, Pas, Bersatu, half-PKR, GPS plus others such as MIC and MCA to maintain a superficially multi-racial government.
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Thursday, October 24, 2019
Insas Bhd (Rm 0.875)
Insas added 3 sens to end the day at 87.5 sens with volume of 4.1 million shares. It is forming its mini wave 3 at the moment. Since mini wave 1 added 6.5 sens, mini wave 3 can either end at 90.5 sens (x1.618) or at 97 sens (x2.618) before mini wave 4 correction takes place.
Since mega wave (1) gained 200% and mega wave (3) gained 225% by assuming mega wave (5) can add on 200%, same as that for mega wave (1), mega wave (5) is likely to end at Rm1.92.
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Since mega wave (1) gained 200% and mega wave (3) gained 225% by assuming mega wave (5) can add on 200%, same as that for mega wave (1), mega wave (5) is likely to end at Rm1.92.
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