Tuesday, February 27, 2018
Dow dropped 299 points (-1.16%)
There is great possibility that Dow has ended its wave B rebound and wave C has started. Hopefully it will stop around 22,600 level for a 15% major wave 8 correction. And hopefully major wave 9 won't play the missing game and will be there waiting for us.
Monday, February 26, 2018
Kuchai Development Bhd (Rm 2.74) - Jumped 42 sens (+18%)
After Kuchai has completed its sub-wave v in early January, I was expecting a higher degree wave (ii) consolidation that can last about 6 months. But Kuchai started to surge today after only about 6 weeks of consolidation whereby making the last pullback a lower degree sub-wave vi. Today is the starting of its sub-wave vii.
Since Kluang is holding about 45% or 55 million shares of Kuchai, it share price also moved up in tandem with Kuchai. It gained 20 sens (+4.6%) to close at Rm 4.50 today. Very likely Kluang has started its sub-wave v.
Similarly, Sg. Bagan has also moved up strongly today. It gained 30 sens or 8.8% to close at Rm 3.70. Same as Kluang, it is forming its sub-wave v too.
What is the latest news on Great Eastern Life Assurance (M) Bhd with regard to Bank Negara's ruling of 30% local equity participation by 30 June 2018? I have heard nothing so far.
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Since Kluang is holding about 45% or 55 million shares of Kuchai, it share price also moved up in tandem with Kuchai. It gained 20 sens (+4.6%) to close at Rm 4.50 today. Very likely Kluang has started its sub-wave v.
Similarly, Sg. Bagan has also moved up strongly today. It gained 30 sens or 8.8% to close at Rm 3.70. Same as Kluang, it is forming its sub-wave v too.
What is the latest news on Great Eastern Life Assurance (M) Bhd with regard to Bank Negara's ruling of 30% local equity participation by 30 June 2018? I have heard nothing so far.
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Saturday, February 24, 2018
Dow - Current rebound is about to end
Dow (25,309)
If my reading is correct, Dow is about to complete its wave B rebound. Watch out for the wave C's plunge.
FBMKLCI (1,861)
If KLCI is unable to break 1870, it is going to drop to 1,600 level to complete its wave C.
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If my reading is correct, Dow is about to complete its wave B rebound. Watch out for the wave C's plunge.
FBMKLCI (1,861)
If KLCI is unable to break 1870, it is going to drop to 1,600 level to complete its wave C.
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Monday, February 19, 2018
The 9 Flying Stars - Part 1
Looking at the flying star chart, some may start to wonder how was this 'Flying Star Feng Shui' started? Which are the stars in the universe are these 9 stars?
These 9 stars were first mentioned in ancient records of Han Dynasty (206 BC to 220 AD) as 'Northern Dipper Stars' 北斗星. In western astrology, the 'Big Dipper'.
In fact the ancient palace appointed special officers to observe and to monitor the movement of the big dipper to forecast impending big events that could affect the future of the kingdom.
The stars that formed the Big Dipper are the seven brightest stars in the constellation of Ursa Major.
As a result of the Earth's rotation around the Sun, the Big Dippers to rotate slowly counterclockwise at night around the north celestial pole as indicated by the North Star. The alignment of Merak and Dubhe formed a straight line with Polaris, the North Star.
The ancient Chinese Astronomers used the movement of the Big Dipper as well as the sun to refine the annual calendar, seasonal changes, agriculture activities and dates for ritual ceremony.
Through years of comparison the observed changes in the brightness as well as colour of each individual stars with the good and bad events actually took place within the kingdom, the stars were classified into good and bad stars.
To the Chinese ancient astronomers, the 'North Dipper Star' 北斗星 has seven visible stars and 2 so called 'invisible' stars or 'now you see it, now you don't' types of stars. The name and other data about the nine stars are as shown in the following table.
For the two 'invisible' stars, the star No. 8 左辅 is Alcor, a binary star of Mizar and can be clearly seen with a telescope. But star No. 9 右弼, the available literature pointed to two possible locations. It is either located next to Phecda (No. 3) or located next to Alkaid (No. 7), but unable to relate it to any known star.
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Sunday, February 18, 2018
Dow - Major wave 8 correction (-15%)
Dow (25,219)
Dow is forming the wave B of its major wave 8 unless Dow can keep on going up for new record high, then the 23,860 low on Feb 8 is the wave (iv) and not wave A.
FBMKLCI (1,838)
KLCI is forming the wave C of its mega wave (6).
I don't expect the general market to be good as the General Election 14 is around the corner and it is of great uncertainty who is going to win the election.
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Thursday, February 15, 2018
Year of the Earth Dog 戊戌狗年
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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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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