2bits...ok quite agree with u...take a look at the long term chart..Wave B upleg,i believe will top out at 82-84,then comes Wave C corrective downleg to develop for target below 68...This counter was tipped to me by a fruit seller n his friends who run food stalls in the same area,when it was trading between 25-40 sen..today they r still holding on to it.I asked them last sunday..whats the level for profittakng..answer is,they r waiting for someone to tell them when to dispose off the shares.Dont blame them...they have no time to watch the market.

2bits..the last round to buy for 82 or slightly higher b4 it gradually dips to test new lows below 68 when mkt starts to consolidate.

2bits...watch out for the next dip..can consider below 75 with sl at 68.think 71 will hold for the next rally,tp at 82.

2bits..u r still holding on to penta?

yongyou...minus 370 pts in last qtr of this year.

2bits...if u look at the major AB C+current+ 1642 caput yesterday,a pt which is the equality of A.

good morning...klci..looking thru the minute waves on the short term chart,there is a possibility that 1628 will hold as a temporary support over the v short term.However,the completion of wave 3 from 1730 wud be seen at 1596-98 area eventually b4 CI consolidates within wave 4.Hence,take the opportunity to sell or take profit if u c a tr from now.
med term outlook:I expect 1570 to be the bottom of the bear trend(Mjr Wave C) which started from 1867.Coincidently,my tp is 100 pips away from the recent crucial tr point at 1671.

2bits..how do i arrive with the tp at 1597...if i of 3 ends at 1677 from 1730=53 pips..u multiply the diff by 1.618..then u minus from ii of 3(1682-4),that will u the minimum tp for whole wave count of wave 3 or C.Nothing like this formula u find in books..let me tell u it works for forex n stock market indices.Most of the time it works!

Connie..when comes to abnormal mkt,u will c what is unexpected with extension or wave 5 is longer than wave 3.

2bits...the iv of 3 may not even go abv 1662.

2bits...that's my alternate count..its gonna be real..from 1730= i of 3 ends at 1677>ii ends at 1684 n currently is iii of 3 n shud end at 1630 minimum(equality of i)...any tr from 1630 or lower for iv of 3 WILL not exceed 1677 n when the v of 3 commences,it shud hit my final tp at 1597 b4 we c a stronger tr for wave 4.

Buddies..be prepared to c CI to reach its wave 3 final destination at 1597 b4 a strong tr takes place.good luck.

If wave 3 downleg is completed at 1649 it shud break abv my fibo/,tr tp at 1668(.236 of the length-1730-1649) from now.

Good morning...klci..the downleg from 1730,a wave3,may still in processs n any tr seen from now from 1649 may be capped at 1668 which if breached wud call for further test of res levels at 1678 towards 1688.If not,wave 3 will proceed with an extension with a new low under 1642.The whole downward course from 1744 may end at 1570 for Ssw5 over the med term.

Duit...both!being an ew analyst,i look at the wave count.

kitty...the most impt one to me is the 0.618 fibo after seeing my tp reached on any wave count(short,med or long term) which appears to have completed.Its difficult for me to describe further.

2bits...wave 3(corrective wave A downleg)

2bits...penta..its in wave 3(corrective downleg) which shud end at 0.71.U have to cut loss on a close below 0.68 or else yr next stoploss pt is at 0.54.The point at 0.91 is the peak of major wave C upleg n 0.84 wud be the pivot point from now.Game is over for penta!

Lunch time!!

Connie..once u decide to take profit..take it all esp when u c yr tp.actually once CI starts to consolidate it wud ease off faster due to low vix n that's when ppl wud try to buy stocks for quickie n keep a low profile on warrants.u catch warrants when u expect to c impulsive moves n take profit when u think its about time it begins to consolidate.

2bits..u can also consider Sunz..below 44.

2bits..the 1596 is juz my anticipated nos based on past price actions, not based on wave counts n we have to c how far it cud manage to retrace upwards from current lows.

yong8888..its puts.

2 bits...if there is an extension of wave 3,then it cud end at 1596.

buddies...shud stop accumulating Hs..

2bits..i think its abt time to take profit on H..n buy only on pullback.

2bits...its the latter without extension.the problem is our political crisis..more vips wud be resigning on 'health reasons' who is next?hope not jeti!!

Connie...welcome back!!!

MB...good morning...I came back v late last nite..sori for not giving u my advice yesterday as to what level to bottom fish as u wish to.

good morning...I believe many of u r waiting to c a TR to pick some stocks to rock...klci...the downleg,a wave 3,from 1730 shud still be in progress n any rebound seen from here wud be limited to 1692.From my calculation,the aforesaid wave 3,due to its impulsive nature,shud hit 1659-66 area first b4 it shows a stronger rebound to challenge 1692 or even 1702 within wave 4 consolidation phase n then follow by the final development of its downward course at 1642 which shud mark the end n completion of the major downleg from 1867...n whats next,it remains to be seen!!!

Yong8888...no,my family is here n wud be staying here for quite some time.

MB..try not to go for bottom fishing n if u do it will be only for v short term with tight stoploss. More bad news r coming!!

MB...good morning.. I haven't done my homework yet..m not in town.. May I come back to u tom or on Monday..ok?

Yong8888...tks for yr info..i will have a good look at rgt chart later tomorrow as m out of town.u have a wonderful weekend!

Chun..u 2!!

That's y tokong waves r more useful.it tells u the rite wave to follow n its respected by many chart analysts..but..bomohs r harmful species!!tea time oops...brunch now!!

Duit...tks for yr attention rgds to CMF...yes I have heard abt it..ff can be short term or long term investors or even sharks!!

buddies..tea break now!

duit...good morning...tks m v fine..juz have to hold on to hw...it has my initials...gomen support on bursa is the most stupid move at this time n level where most foreign investors juz not bother to think abt investing here.

Evel..w1 downleg is still in process n any tr shud be mini one..don't try to bottom fish!!

I haven't seen such an ugly wave 1 downleg for quite some time n what abt wave 3 downleg!!!

sunzen..its in wave c downleg..0.44 wud be the target.

tsy...don't touch penta at the moment..

tsy..congrats to u too!

Hopefully our country's credit rating wont be downgraded>our govt had gone thru so much to convince int'l agencies of our credit worthiness<

Good morning...klci..my views unchanged..CI has juz started its wave 1 downleg n has yet to be completed.U can forget about wave d as the low seen yesterday broke below 1696 from where wave c upleg started.So,sit tight with yr seat belts on as the landing towards my 1st tp 1659 wud come over the short-med term.

Long term:its outlook is not v promising for much of the year n it may hit my long term target at 1534 juz not far away from the long term crucial point at 1510.

2bits..dont think we will c that low not even tokong waves count shows that.

tsy...really!!

as the fibo tp from 900 is at 13330!!

rchi...wave wise it has to be an extension or a major downtrend moving down in 5 waves sequence...then the tp wud be 1534,still not too bad for our market.