Monday, January 21, 2013

Bursa Malaysia KLCI

Bursa Malaysia KLCI dropped sharply today in anticipation of an announcement on the General Election. It dropped 40 points or 2.4% at the close of the trading session.

Despite the sharp drop, the index is able to stay within the uptrend channel.

As long as the index can remain within the channel, my current wave count remains valid. The index is currently forming the mini wave ii of the sub-wave (iii). But once it goes below the lower trend-line and goes lower than 1600 level, I will need to review my current wave count.


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