What if Dow still able to hold ?

If Dow's current correction is only a major wave (6) pullback as shown below

I would expect Bursa Malaysia to move in tandem with the Dow ultimately, despite the talk of foreign funds leaving the Asian markets.

If Dow can hold, FBMKLCI will continue to form its major wave 3, 4 and 5.

Under this possible wave count, the recent sharp drop is the sub-wave 3 of wave (iv).

Then the last few days of rebound is the sub-wave 4. There will be one more drop, the sub-wave 5 to complete the wave (iv).

Just monitor closely and let the wave shows us in the next few days whether it is forming the sub-wave 5.



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