Weekly Update


Dow (23,358)

Dow is forming its mini wave 8 of its sub wave v of wave (v) of major wave 7.

If mini wave 9 won't be missing, there will be more new record high for Dow before end of 2017.

FBMKLCI (1,721)

KLCI might have completed its sub wave i. If my reading is correct, CI might have started its 30 points rebound to form its sub-wave ii.

Dutaland Bhd (Rm 0.595)

Very likely Duta is forming its wave (iv).

EG Industries Bhd (Rm 0.67)

I might be wrong but I still think that EG has ended its major wave 4 in early October and has started forming its major wave 5.

EG ended Friday at Rm 0.67 which is only one sen above  the final support of Rm 0.66 for a 100% retracement for its wave (ii).

The moment EG goes below Rm 0.66, I will need to revise my wave count as shown above