Wednesday, June 10, 2009

KLCI - Revised Wave Count

My previous wave count for KLCI is as shown above. With the latest additional sub-waves to wave 5 and as the length of wave 5 being extended, the above count is no longer valid. I have come out with another alternative count as shown below. A possible ending point is 1100.


Next pullback will be sub-wave iv of wave 5. After which will be the sub-wave v of wave 5. If Dow and the rest of the Asian bourses started to consolidate, sub-wave v at 1100 will mark the end of the major uptrend that started in March 2009.

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