My reading for FBMKLCI remains the same. We are in major wave 3 of mega wave (5).
FBMKLCI is currently forming wave v of major wave 3.
Sub-wave 4 of wave v is about there, the next surge will be the sub-wave 5 that can last about 3 weeks with a minimum target of 50 points to reach the 1850 level and that can be the end of major wave 3 if it has only 5 waves. The next major wave 4 correction may bring the index to the 1600 level for a 13% to 15% correction. The correction may take about 6 months to 9 months to complete before the starting of the major wave 5 around second half of 2014. If major wave 5 can last 2 years, it will end around second half of 2016. So, based on FBMKLCI, the assets bubble will not burst until 2016. This is what the chart indicates at this moment. Do remember, the form is subjected to continuous changes with incoming data.
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