2bits wave c corrective upleg from 1696 is completed..let it be wave d now as wave e upleg wont last long n we may have to recount w1,2 n so forth,for the downside tp which can be as low as 1634 n not 1659 as I expected.

rchi..good choice...what we r seeing now on CI is wave 1 in process...wait till u c how ugly wave 3 gonna be later.Bomoh waves will only help if they pump in another 4 bil.

CONGRATS!!too fast...hopefully it wud rebound for next purge to take place which will be interesting to c on the downside.Might change my tp for the final,if it is,downleg.

Tsy..my master of tokong waves..Mr ELLIOTT!!

My tokong waves r working!!

rchi..many of the big boys r on summer vacation...interesting to c how the mkts perform when they r back.

rchi...rite bro.

rchi...good morning..sometimes it doesn't work,hehe!

tsy...good morning..i will show u my tokong waves later.

Dragon...unfortunately,no big foreign investors respect our long term fundamental outlook...

Dragon..not now n not at current levels!!most countries r in danger of facing recession.Who r our buyers of our goods..even rgt weakens to 5,wud that change our export figures?

dragon..so u think our economy looks good for the rest of this year inspite of global weak economies..not only rgt has weakened,other currencies too.

dk..good morning..m fine tku..r in Hs too?

I don't think I wud change my views on CI ..bomoh waves or not..i have my tokong waves to confront it.

good morning...klci....the med term outlook remains bearish for CI n the whole course for its final downleg wud take more than 2 weeks to complete n my tp is at 1659 unchanged till now on my normal count.
short term outlook:the upleg,wave c,from 1696 cud still be in process n a close below 1725 from now wud confirm that it has completed its course at 1744...wait..that doesn't mean the final major downleg wud start for an ugly fall immediately if it closes below 1725 but I can safely confirm that wave 1 of the final major downleg has started from 1744 which wud end at 1709(clsg) n any tr seen from that point or if it fails to hold...SELL!!!

Likely current upleg is sw2 of wave 1 from 1744..hopefully sw3 wud develop lasting till weekend.good luck..zzz

Yong8888..welcome back to CC!!We all missed u!!

Good morning....klci...Wave c upleg from 1696 seems to have completed its course at 1744 n I believe the ugly downleg with a gap down seen yesterday from 1744 shud set the stage for wave 1 of the final major downleg to develop.A break below of next crucial short term supp at 1715 is expected to be seen soon n the support at 1704(clsg) shud hold for a temporary TR b4 the scary wave 3 develops with a decisive break below 1700 for test of new lows towards my tp at 1659 eventually over the med term(2-3 weeks).

ok buddies..napping time..

Connie..yocb..if it breaks 1.03 n below again it will dip to 0.94.It looks like it cud hit abv 1.17 but it appears to me it shud stop at 1.10-12 b4 making a turnaround for Wave C to process below 1.00.

rchi...m back home...after looking at the 30 yr chart,the major downleg from 114ish is classified as Wave C of major W4 n its still in progress for a test at 34-36 dlrs b4 u c TR for 60 n then towards 80 maximum(this wud be seen after mid 2016)Major W3 started from 11ish n ended at 140ish n if u work on the fibo .618 retracement target of length major W3(11ish to 140ish)the tp lies at 35(-2+1).++the late Mr Hussain Najadi,the founder of Ambank,was the 1st person on earth to predict oil wud hit closed to 10 dlrs..I was at the forum that time when oil was trading at 38dlrs in the early 1980s.

gold wud be more interesting..there is a target at 880 dlrs per oz(the peak during Iran n Iraq war)

Rchi...sori..juz left home..will come back on that later..

agree.only if he knows abt EW,he wud have called for a buy at the rite timing...haha.

rchi..the person behind ah chit show n giving us so much confidence to buy n invest in our bursa,u shud know him,no other than Wahid in PMO.

Connie..think wave c is over already as it has tested below 1728 this morning n shud be a sell even if it goes back up 1728 today.

Connie..yes u r rite on mieco.it might juz go over 1.00 b4 wave c downside starts to develop for test at 0.70ish.Many counters which rose recently shud be moving the same way n those not,r facing more downside tests..eg ifca..shud be heading for new low below 0.78

u can 4get abt chasing yongtai juz for a few pips abv new high.its gonna yongdie after completion of w5 upleg.

2bits...good morning..well done!! it has gone below 1728..think 1744 is top for wave c..n buddies..watch out for 1715(clsg sup),u will c some interesting lower swings if it is violated.

good morning...klci...my alternate for the wave 4,a corrective upleg, to develop from 1685 appears to be on course for further upside test of res 1749/56/70 b4 the final major downleg,Wave 5 of Major C(from 1867) begins for tp 1659 which is still valid.
Tracing the upleg from 1698 where wave C has started,it shud hold above 1728 from now n if it is seen traded below that,we can safely sell on any rally.

Rchi...yes...let's c..its at a big discount.. it can happen esp in our mkt.

Rchi..didn't expect 1738 giving way so soon..GLC r the culprits I guess.

Connie..its wave 4 as mentioned..a corrective wave C up from 1696

ttul

buddies...no fear..keep yr Hs..FF wud be happy to c CI higher,the last opportunity for them to exit!!!

accumulate h on pullback n hawk..congrats to yr stks that shot up!!most of them in fact all of them r in the last upleg.

Sori m late..didn't do my homework as I was away during the weekend.

good morning...klci...it posted a strong closing at 1723,beyond 1720(clsg)last friday,a surprise to me.Have I overlooked something?Tracing back CI based on hi/lo chart analysis,the downleg from 1823,a wave 3,linking from 1867 where Major wave C started,it might have completed in 5 waves sequence at 1685(9th july 2015).What we r seeing now cud be wave c(starting from 1696) of the flat pattern or 4th(W4)consolidation mode in process.Too early to tell if the major sw5 has begun from 1736.However,if hawk is correct *as I glanced thru his posting of CI this morning* a v useful piece of chart analysis,Ci has to go beyond 1704 sup over the v short term.So,on the v short term bullish picture,wave c cud end at 1738 or c a reverse from last Friday's high 1723.

Med term outlook:The major downleg from 1867 shud end at my original tp at 1659(as per my comment in early july 2015)for major Wave C b4 a moderate rally cud be seen.

From Nov 2015 to Feb 2016..we will c a slowdown in US economy ,only after spring ppl r back to normal work/business thats my view juz based on seasonal factor.How u c on commodities, oil n others, which r still in downward pressure,that's important.ok guys..napping time..hehe

Connie.. CI is in major downtrend till mid of 2016..gold,oil, n other commodities r in 2-3 years,downcycle..next signal wud come from USA..u will c setback of its economy..unless u expect oil going back up 80 dlrs n abv...

Connie..current upleg is sw2 of w5 downleg within the major C from 1867.Major C is still in process n shud end at my tp by late August or early September, 2015.

Ttul..m outside..happy lunching!

2bits...good question...the downleg which starts from 1736 is supposed to be sw5 of wave 3 from 1823 within major Wave C which begins from 1867...I expect to c a new low b4 it rebounds when wave 4 starts then follow by the final downleg at 1634,my tp.The whole process of Wave C shud be completed by or b4 august,2015 ends.

ok buddies...have a wonderful weekend!!!

dragon..u only do best together(H&C) when mkt is in consolidation phase n actually u can do much better if u r a seller of puts n calls but in Bursa,unable except in futures.

yes its coming my way..n so for ff to sell b4 its too late.

My short-med term tp at 1634 is still valid taking the count from 1867,a major wave C which is still in process.A new low is expected to be seen within the major wave C..wud be v disappointed,even mr Elliott,if no new low is recorded by next month.

Correction...from 1823..a sw3 of major wave C(started from 1867}.

Good morning..klci..there shud be an upleg,a corrective upleg,from 1696 towards 1709 b4 it starts with the major next downleg in 5 waves sequence to test 1685 n below to complete its INITIAL course down from 1736.On short-med term outlook,CI has to break below 1671 to complete its full course from 1823 where major wave C started.good luck.

The TR seen on overseas market wont last long n I expect to c new lows next week.

Take the opportunity to sell or take profit if u c a tr from now.