Dow plunged 249 points (2.5%) on Friday. When Dow plunged the whole world plunged, that is the rule. Next Monday Hang Seng is expected to drop at the opening at least 543 points (2.5%). Similarly Singapore STI, Australia All Ordinaries, Nikkie, etc except KLCI are expected to drop about 2.5% at the opening. And of course the closing indices can be much higher or lower depending on the Dow's future on Monday. This is only Monday's movement, in general, down trend has been set, short term won't be good.
Dow is expected to continue with its major wave (IV) downwards journey even though it has yet to break its immediate short term support as shown above. S&P and Nasdaq as shown below have already broken that short term support lines respectively.
Refer to the 3-month chart below, Dow is currently on its sub-wave v of wave A, if A has no extension (vi,vii,viii & ix), next week can witness the formation of wave B before the starting of wave C.
Don't try to imitate Leonardo DiCaprio and Kate Winslet when there are sea gulls flying near you.
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