Dow surged 746 points on Friday on strong jobs report, Federal Reserve's statement of "will be 'patient' in interest rate hike", positive sign in next week US-China trade talks and China's action to re-ignite economy growth by injecting US$220 billion into its financial system.
The current surge is either the wave iv of C of Dow's major wave 8,
Or it is the wave D of its major wave 8.
FBMKLCI (1,669)
My two options for KLCI remained the same. The more optimistic option is the completion of wave (ii) and KLCI is at the starting of its wave (iii).
The second option is the forming of wave C of its mega wave (6). Under this option KLCI will be moving lower to complete its mega wave (6) before the starting of its mega wave (7).
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