1) Dow
By Dow's Theory, when the index has its last high lower than its previous high and its last low lower than its previous low, it can be the starting of a down trend. If Dow can stop at 10,000, it is not major wave (IV). It is wave 10 as shown below.
If it stops at 9,500, then it is major wave (IV). But if it goes lower than 9,500 and continues to break 9,000. Robert Prechter could be right, it could be the big wave C as shown below.
2) Green Packet BHD
After yesterday spinning top, halfway through the day I thought it will end the day with an engulfing candlestick with high volume to confirm the starting of sub-wave iii, but it ended the day with an inverted hammer with low volume of 2.2 millions, another reversal candlestick with sign of hesitation. Hopefully it can move up with a solid candlestick tomorrow with a volume of close to 20 million, then I can look for Rm 1.55 as the first target.
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