Connie/jm...there r instances where u wont c completion of 5 waves sequence in an uptrend or downtrend when W3 is overextended or u wont be able to c it clearly if u dont match the short term chart with the long term chart.The move from 1766 to present level,m taking it as W5 of Majr 3 on the LONG TERM CHART n expect to c a new high ie abv 1896 over the med long term n not 4th consolidation wave(current upleg)within the bear trend which began from 1896 to 1766 which m taking it as a completion of W4 of Mjr 3 on the long term chart.It sounds something is missing ie shortage of 1 downleg ,w5,shud come below 1766 from current upleg, to complete the whole course of the downtrend (W4 of mjr3)but i dont c it that way.I believe that the W4 of Mjr 3 is already completed n now its current uptrend is W5 of Mjr3 in progress on the long term.On completion of W5 of Mjr3(abv 1886),m expecting to c a long term bear trend to develop with a new low below 1766 n thats the Major W4 on the long term chart.

Connie...wonder if lolli sold her fitters or not?

Connie..yes...its even more difficult with individual stks..

Connie...saw yr q re W4..sori was having my tea-break.If m not wrong,u r telling me that the current upleg from 1766 shudnt be a 4th consolidation as it overlaps the bottom of W1 downleg from 1896,rite?Yes or no...probably u have read from the book by Mr Balan.The reason y I believe it is W5 of mjr 3 is not becos of that.Perhaps,I shud not take current upleg is W5 of mjr 3 n shud call it a w4 consolidation within the bear trend(1896-1766)as it hasn't overlapped W2 high(1878).Then y I call it W5 now n not w4?There r a few factors n one of them is,i c some similarities in price actions/patterns developed since 2009 n y I think 1829 shud hold(0.318=1858-1766} if a downward correction starts from high 1858 is now in progress?strange rite,u
dont read it from books...

topaz..welcome..tks.

good morning...was struggling to get connected to this page the whole morning.....klci...on the short term chart,the w3 is still in progress n will still be,as long as 1829 holds from now..the furthest upside pt it cud reach near term is 1872 on a break of 1859.Current count is still within 3 of w3 n if the 4th(consolidation) comes it shud hold abv 1829 b4 the 5th(upleg) begins,that,will discuss later.The whole W5 of major 3 on the LONG TERM CHART may take more than 30 trading days..its good news as there r many 2nd n 3rd liners stks have yet to catch up!good luck.

lyyinvestor...good morning..try not to chase rallies to buy...buy only on pullback.

Connie...good morning...welcome...same2 to u..good luck!

M anxiously looking to buy more on weakness...lets wait for the final announcement!

Good morning...klci...yes,i believe its progressing in W5 of Mjr 3 on the LONG TERM CHART.Hence,a new high is expected to be seen over the next 30 days.Lets look at the wave 3 which started at 1796 from the SHORT TERM CHART,....w3 is still in progress,but I don't expect it to c further extension beyond the 1867-72 area within this week even if 1859 res is defeated BUT the show is not over yet as we have yet to witness the 4th n 5th price actions b4 hitting new high,that,will discuss later.good luck.

Duit...c u on monday...have a nice weekend...all of u too, Connie,Hawk!

Lolli...at least sell the warrant 1st n some mother shares at 88 or better..keep some cash to buy again later.

Duit....had a good nap this afternoon..cudnt help laughing to myself in bed...u r really funny....tq.will be out of town tonite...good luck!

Connie....wave 3 ended at 0.84ard from 0.695...ok,from a more bullish target scenerio,if wave 5 =wave 1....then the top wud be 0.895....must sell oredi!if 0.845 is caput...will dip further.

Lolli...sell...wud u be in profit if u sell together with warrant?

Lolli...it rose 18 sen...almost 27 pct in a short period of time..082 /0.76(impt )r supps to take note of.

Lolli....re fitters,there is a clear 5wave up..remove some...its hard to tell u to do it...is my count correct,connie?

Duit...there isnt any Zarul in econsave that i know of..juz pulling yr legs!So,happy holidays!

Duit...i never laugh so loud in my life...u r the 1st person to it happen.everyone in my house thought i striked 1st pr lottery!u r a talented joker...haha!

Duit...i will tell him to stop giving u too much cleaning job to do.trustme,he will listen.

Duit...he is the senior manager,operation n business division in Econsave!!!!

Duit....how is Zarul doing...send him my best regards!!

Duit...y from feb 2015?tq

Duit..sori for the delay..i seldom turn back the pages to read,so please repeat yr q,if I don't reply..tks.

Duit...good morning..juz glance thru,saw yr q on klci.Based on yesterday's price actions,i m not inclined to believe that it will drop so fast to 1829...I really hope it will not shoot pass the 1846 res so early.it wud be healthier for it to move up gradually from now with some minor corrections from time to time abv the med term sup base at 1824 so that W5 wud materialize.

Connie...good morning.re abric,look at the 5d chart..ohh,4got u don't have one!hourly?a close abv 0.66 is needed to call for further upticks.

dji...its long overdue for a correction on the downside,albeit,a minor one.Nearest strong sup expected to be seen today,is at 16857.The temporary top over the v near term is expected to be at 17116 based on my calculation.

jm..good morning..Its juz a basic idea whats EW abt reading from books.Yes,it wud definately help to start with.It tells u clearly after it happened but not b4.If 3 of us,u,connie n I sit down together analyzing the same chart,m sure at certain count we wud disagree with each other on targets n stoploss points.Target points can be different it happens often as u use or chosen a different starting point in the same count.Whats v important,yr stoploss levels.

good morning...klci...it shot pass my 1st target area yesterday,it wasn't a surprise to me as my 1st upside target is the minimum target.What abt my 2nd target?its 1844-46 which shud be well resisted or temporary top for the rest of the week although yesterday's price actions were impulsive towards the end of the day.Lets c what happens next.Supps r 1834/1829.

Jm...the major 3 which m talking abt,u can c it from the long term....starting from oct 2011 juz below 1400.All the way up from there u will c multiple extension 3 of mjr 3 which ended at 1896...ok..thats the completion of 3 of 3mjr.Next,recent drastic fall of klci from 1896 down to 1766 is the 4th of mjr 3 of the long term chart.From 1766 till present,it cud be w5 of 3 but i cant cfm that unless it breaks abv res area 1855-58.Thats y m taking current upleg as 4-up of recent downleg from 1896.

jm678...u r learning v fast,congrats!yes its in 4-up,v likely n y I have to take it as 4...As long as it fails to stand abv 1854-58 res zone from now,i cant conclude its progressing in w5 of major 3(long term chart-10 years).Anyway,4-up within W3 downtrend(1780-1766) or w5 of mjr 3,we have to remain bullish for the timebeing.The crucial sup pt n it mustn't break below is,1796.

Connie...u got my message re abric?

Connie m back,re abric...doesn't look good at this pt..on short term chart,the 5th upleg of 3rd seems toppish n cud take a dip towards 0.62-3 b4 up...

Connie..sori...m not at home.yes yes u r rite!

Jm678...both r referring to an uptrend or bullish outlook...the former is based on my med term chart analysis n latter is on short term.Note, i didnt change my short n med term upside targets.

Skyhawk...tq for yr info.

LyyInvestor...good morning..hope u will continue to huat...good luck!

Connie..sori to disappoint u..nothing new,ha ha...strong sup at 1.27 shud hold this week.Current upleg is w3 from the low of 1.05/6.It will take out res 1.36 for test 1.40-42 area soon.

Connie...good morning.R u still holding on to yr Bara?

Good morning...klci..my views unchanged.With the breakout n closing abv 1824,it shud be trading into the 1830-37 zone today or tom.I believe many of u r not feeling comfortable the way dji n s&p performed past few days as there is no meaningful correction seen since they started moving up from the lows.Its nothing new to me...that's y u have to know more abt EW theory.

Duit..they shud come together..that will give u the SELL n BUY signals once the sht ma crosses below or abv the long term MA.

Duit...good morning..there shud be a corresponding short term MA,maybe u shud look into it.I look at MAs occasionally.

Good morning..klci...it has yet n it will be seen challenging my 1st tp-1833-37 area soon as m now anxiously waiting to c the immediate res 1824 be caput any time from now.

dji/s&p..so high n yet no correction seen so far.Dont think u will c one until they hit 16958 n 1980 respectively.

Duit...Cant be bullish next year,too doubtful abt the global economies wud improve much n we cant juz rely on US alone.

dji..don't underestimate the strength of its current uptrend..All it needs now is a close abv 16826 to cfm med-long term bullish outlook.Its still a buy on pullback n I don't expect to c it lower than 16600 for this week.

Connie..its possible...in 4th consolidation,there may not be a complete set of 5waves sequence,so,if the w3 is extended to 1854-58,can be taken as completion of 4th.

good morning....klci..its too early to jump into the conclusion that current uptrend is the 1st upleg of W5 within major 3 on the long term.On a less bullish scenario,m taking it as the 1st upleg of 4th consolidation phase where the w3 which actually started on 23rd oct 2014 from 1796.There wont be much downward correction to be seen once it hits 1826 towards 1835ard(min target for w3) from now.The crucial res zone,also an upside target for med term is at 1854-58 area where rough waves,deeper downward correction,r expected to be seen once reached.

Rchi...juz joking ...stick to yr picks...they r doing v well...keep it up,young man.Connie...u know i wont be in town every friday..good luck!

B4 I sign off...wish u all a happy weekend!

klci..the crucial supps(clsg) remain at 1796 n 1788...buy on pullback wud be a good trading strategy from now with stoploss at 1795.Talk to u on MONDAY..good luck!