FBMKLCI Update

My long-term wave count remains the same. FBMKLCI is forming its major wave 3.

For this major wave 3, so far it has completed its wave (i), (ii), (iii) and (iv).

 

The main question is whether has it completed its wave (v) ?

Same as Dow and to tie in with Dow, FBMKLCI has 3 possible options. Option 1 is the most optimistic. As shown below, it is about to start its mini wave 5 of its sub-wave iii.

 

 

In Option 2, it is forming its wave (vi). It has just completed its wave b of (vi) and I expect it to come down to about 1760 level to complete its wave (vi) before starting its wave (vii)'s run.

The third option, Option 3, is very pessimistic. Major wave 3 has ended in December 2013 and so far it has completed its sub-wave i and ii and it is currently forming its sub-wave iii. Still a long way to go. So be very careful when FBMKLCI goes below 1840 level, below its mini wave 1.

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