Dow - Assuming Mega Wave 6 Formation is on course

With the above assumption Dow is currently at major wave B of Mega wave 6


With the 103 points rebound, I will assume that wave (ii) of B has formed, Dow has started its wave (iii) which has a minimum target of 113oo.



For Bursa Malaysia, same as Dow, its wave 3 has started with a minimum target price of 2800. There is a potential inverted head and shoulders formation.

It appears that the Industrial Index is at sub-wave iii of wave (iii) of the major 3. In short it is at wave iii of (iii) of 3, trading activity as well as volume has to pickup from now on.