Sub-wave iii of wave (v) of major wave 3 is in progress
Dow (17,265)
Dow dropped 309 points (-1.76%) on Friday. Dow is currently forming the wave c of (iv).
FBMKLCI (1,640)
KLCI is forming the wave c of (ii).
Datasonic Group Bhd (Rm 1.56)
Dsonic is about to complete its wave C of 2.
EG Industries Bhd (Rm 1.04)
If investors continue to chase EG next week, Friday's one-day correction is the mini wave 6, we still have mini wave 7, 8 and 9 in front. This is the most bullish version.
If there is a minor correction next week, then EG may be forming its sub-wave ii.
However if correction were to continue for more than a week, it is more likely that major wave 3 has ended and the down-trend is likely to be the wave A of its major wave 4.
Inari Amertron Bhd (Rm 4.38)
Inari is at the tail-end of its wave (iii).
If Inari can continue to move higher on Monday, then it is forming the mini wave 5 of its sub-wave ix of its wave (iii).
But if Inari has no more rebound next week, then very likely it has completed its wave (iii) and it is forming the wave a of its wave (iv).
Insas Bhd (Rm 0.755)
Basing on its closing price line chart, Insas has completed its wave (i) in mid-November. If it can continue to move higher in the next few weeks, then I must say it has also completed its wave (ii).
But if Insas were to continue to move lower next week, then there is a possibility that it is at the tail-end of its wave a of (ii).
Happy Family
