Dow - Still can survive for a while

Mid April - Cherry Blossom Season in Japan

Sooooo Beautiful

Looking at Nasdaq, last Wednesday height of 2,799 is too low to be the end of sub-wave 5. The last few days of pullback is more likely to be the mini wave ii of 5. Since Dow and Nasdaq always move in tandem with each other, the current pullback for Dow is likely to be the mini wave ii of sub-wave 7.

If the sub-wave 5 of Nasdaq marks the end of wave (iii) of major wave B, it is possible that Dow has another missing wave, the wave 9 at this major turning point, similar to what had happened at the October 2007 market peak and March 2009 market bottom. In both cases, the fifth waves were missing when sentiment started to swing to the opposite side.

The Industrial Index of Bursa Malaysia may have completed its major wave B as shown below.

It is possible that the major wave C has started, if so, there is a 1000 points drop in front.

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