KLCI sub-wave 2 provides good exit point

Assuming the last peak is the end of major (III), the last 7 days pullback is either sub-wave i or 1 of wave A of (III), it is more likely to be sub-wave 1, there is still a long way to go. After the completion of sub-wave 1 the next sub-wave 2 rebound provides good opportunity to get rid off whatever balance of stocks in hand before the next sub-wave 3 drop that can go to either 1000 or 960 (1.618 of sub-wave 1) for a temporary pause in this minimum one month consolidation. Advisable to hold cash.