After 2 hours of trading Dow has dropped 217 points (-1.34%) to 16,097 on Monday. My reading for Dow remained the same. It has completed its major wave (6) and it is forming the wave c of its sub-wave ii at this moment.
FBMKLCI (1,608)
Similarly KLCI has completed its major wave 4 and is forming the wave c of its sub-wave ii.
If my reading is correct, both the Dow and KLCI will start their respective sub-wave iii before mid-October. But if I am wrong then both the indices will go lower than their respective August low.
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