Dow put on about 40 points after half an hour of trading. It is likely that its sub-wave v of wave 7 has started. Sub-wave v is likely to last for a week to complete the wave 7 if there is no extension. Corrective wave 8 can last for about two to three weeks before the starting of the up-trend wave 9.
Some of the stocks in Bursa Malaysia may be ready to move, especially those that have consolidated for several months and have completed its major waves (I) & (II) and have also completed their waves 1 & 2 or sub-waves i & ii as shown below.
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