Granville and many others have always maintained that Volume Leads Price, if this is true Dow will have to break its previous high of 10725 sooner or later.
As long as Dow can stay within the up trend channel, it is on course to form its wave (V). Any correction should not exceed 3%.
If Dow is forming wave (V), Bursa Malaysia industrial Index will continue to complete its wave (V) as shown above.
Inch Kenneth is in a similar situation.
HPI is going to lead the market in completing its wave 5 of major wave (V). However if Dow's major (V) can last until end of May, HPI may have 9 waves for its wave (V).
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