Bravo Tommy Thomas Bravo Pakatan Harapan

Attorney General Tommy Thomas announced today to discontinue proceedings against 12 individuals on trial for alleged links to the Liberation Tigers of Tamil Eelam (LTTE) with immediate effect.

Tommy Thomas, "If such conduct (of having photos of slain LTTE leaders in their phones or Facebook accounts) can constitute a criminal offence, it would bring the law into disrepute".

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Coronavirus = A Black Swan event ?

On February 2, I posted the question whether Coronavirus or COVID-19 is going be a 'Black Swan' event. Looking at the development related to the virus and the drastic actions taken by the Chinese government and other countries so far, it doesn't appear to me that COVID-19 is a 'black swan' event. In fact, Dow closed its Wednesday trading with a new record high at 29,551.

Dow (29,398)

With the strong performance by the Dow, I have revised my wave count by assuming that the major wave 9 remains intact and will continue to zig-zag higher.

FBMKLCI (1,544)

KLCI is expected with its wave viii of (iii) formation.

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Orion - The Mighty Hunter

Now is the best time to watch the beautiful Orion Constellation. In Kuala Lumpur at around 11 pm if one stands facing the western horizon and looks up at around 80 degrees above the horizon, one can see the Orion Constellation with orientation as shown below.

The brightest star is Sirius of the Canis Major, the greater dog. The white Sirius formed an almost perfect equilateral triangle with Procyon of the Canis Minor and the red Betelgeuse, the shoulder of the mighty hunter. The brighter blue Rigel marks one of the hunter feet. Halfway between the Betelgeuse and Rigel are the unmistakable three little stars that formed the Orion's belt. As one turns slightly towards the north-western direction, one can see the red Aldebaran, the red eye of the Bull (Taurus).

The sky is surprisingly clear tonight and one can see the constellation clearly with naked eye.

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FBMKLCI (1,535)

KLCI has a 14 points rebound today to 1,535 level after closing at a low of 1,521 on Monday. Today's rebound can be the starting of sub-wave viii of wave (iii) of C.

Since April 2015, KLCI has been forming its mega wave (6). Hopefully it can be completed by first quarter of 2021, another 12 months or more to go, and it can then start to have its mega wave (7)'s bull-run.

For KLCI to start its mega wave (7) in 2021, the current correction for Dow has to be a major wave 10 correction of around 15% to 25,000 level and it cannot be the mega wave VIII correction of 50%.

This scenario is possible if the coronavirus outbreak can be contained within 6 to 9 months and all social and economic activity can be normalized by end of 2020.

Coronavirus - A Black Swan Event ?

Dow (28,256)

Dow dropped 603 points (-2.09%) on Friday as the coronavirus has brought China to a standstill that fanned fears the outbreak will escalate into a global economic slowdown as China is the second largest economy in the world.

From its peak of 29,348 on January 17, Dow has dropped 3.7%. If coronavirus is in fact a black swan event, the worst case scenario is the ending of Dow's mega wave VII at 29,348 level. The mega wave VIII is likely to bring Dow to as low as 15,000 level for a 49% correction.

However, if China is able to contain the coronavirus outbreak within a reasonable period, then the January 17's peak may not be the end of the mega wave VII. Then the current correction can be a lower degree major wave 10 correction of about 14.8%. For this scenario mega wave VII has more that 9 waves.

A most optimistic scenario but is also a very unlikely scenario at this moment is a wave vi of the major wave 9 correction. But a more than 800 points drop next week can straight away rule out this possibility.

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CLSA Feng Shui Index for the 2020 'Metal Rat' Year

CLSA, formerly Credit Lyonnais Securities Asia has published its CLSA Feng Shui Index for the 2020 'Metal Rat' year.

The chart covers period from 25 January 2020 to 11 February 2021. According to the chart, Hang Seng Index is expected to stay above its 24 January 2020's closing value of 27,949 for the next 12 months and is expected to close the 'Metal Rat' year at its high for the year. It is going to be a very good year for the Hong Kong stock exchange.

I have made a comparison between the Hang Seng Index in 2019 with respect to the CLSA 2019 Feng Shui Index as shown below.

Except for month 5, 6 and 7, for the rest of the nine months, the actual movement of the Hang Seng Index in 2019 was out of phase with the CLSA 2019 Feng Shui Index. For month 9 and 10, the shape of the Hang Seng Index is quite similar to that of the Feng Shui Index but unfortunately the Hang Seng remained in the negative territory where the Feng Shui Index were in the positive territory.

Let's watch the Hang Seng Index for the coming 12 months and find out whether it will move in tandem with the CLSA Feng Shui index.

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Starry Starry night

At 12 midnight in Kuala Lumpur, at this time of the year, when you look up at the night sky you can see one of the most prominent and best known constellation, the Orion, the mighty hunter, accompanied by his two dogs, Canis Major and Canis Minor, facing the charging Bull, Taurus.

Orion constellation has 5 very bright stars. The red Betelgeuse marks his right shoulder. The blue Rigel marks his left foot. Sirius, the dog star, is the principal star in Canis Major, the Greater dog. Sirius is the brightest star among the 5. Procyon of Canis Minor, the Little Dog, forms an almost equilateral triangle with Sirius and Betelgeuse, commonly knows as the 'Winter Triangle'. The red Aldebaran is the red eye of the Bull, the Taurus.

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