Dow has another 2,000 point (+8%) to go to complete its wave D of its major wave 8. Be careful of the wave E's plunge. Unless the wave E is a failure, it is going to drop from 27,000 to 21,200 for a 5,800 points drop (-21%).
Will Dow just punch through the 27,000 level and heading for more new record highs? Then the current run-up from its December low is the starting of its major wave 9. If that were to happen, how to explain for the wave C that has only 3 waves instead of 5?
FBMKLCI (1,683)
My reading for KLCI remained the same, it is either currently forming the wave (iii) of its major 5.
Or it is forming the wave iv of the wave C of its mega wave (6). The next bull run will be the mega wave (7) after the completion of its mega wave (6).
Inari Amertron Bhd (Rm 1.50)
Inari has completed the wave A of its mega wave (2) and is currently forming the wave B. The mega wave (2) can either be a simple and steep A-B-C
Or it can take the form of a side-way complex A-B-C-D-E spanning over a longer duration.
Insas Bhd (Rm 0.77)
The current rebound of Insas can either be the wave iv of C of (4) then there will be one more down, the wave v to complete the wave C of its mega wave (4). I am looking at Rm1.80 for the mega wave (5).
Or it has started the major wave 3 of its mega wave (5). Once it crosses the 82 sens level follow by the 92 sens level it will be all the way north to Rm1.80.
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