Tuesday, June 9, 2015

FBMKLCI - Short term bearish, long term bullish.

FBMKLCI (1,729)

KLCI continues to drop together with Ringgit with 1MDB and UMNO power struggle as the backdrop. Very soon we will be seeing Rm3.00 to Singapore $1.00.

Mini wave 5 is about there, but I am not sure whether the next rebound is mini wave 6 or a higher degree wave b of (ii).



Wave (ii) has a possible low of 1,673, the starting point of wave (i). KLCI has completed its major wave 4 in December 2014 and is currently on its major wave 5.

 
 
I am expecting the major wave (5) to last until early 2017 with new record high.
 

 
 
 
.

No comments: