Dow closed the week with a new record high. It continues its uptrend to form the sub-wave iii of wave (vii) of its major wave 7.
FBMKLCI (1,810)
KLCI will reach a crucial stage in the next two weeks. If it will to move in tandem with the Dow, it will set new record highs on its way to form the wave (iii) of its major wave 5.
However if KLCI is unable to continue with its current uptrend with higher volume and with strong momentum, very likely it will move lower and the moment it punches through the 1,785 level, it is almost certain that KLCI is on the wave C of its mega wave (6).
Wave C of (6) is likely to touch a low of 1,530 level for another 15% drop. Be careful.
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1 comment:
Hi chan,
I followed your blog every week, can you update the Insas and Inari chart if there is any new direction available? tq.
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