Dow - High probability mega wave C has started

First it dropped below the wedge

30 minutes after the opening bell, it dropped 211 points (1.76%) to dip below the lower support. If this drop is maintained until the closing bell, it is very likely that the mega wave C has started.

I am looking at the 5,000 to 6,000 level.

NIKKEI 225

Japan Nikkei 225 lost 1,649 points (16%) in two days to closed at 8,605 today, which is lower than its previous low of 8,824. Down trend is on.

In the 1995 January Kobe Earthquake of 7.2 magnitude on the Richter Scale, the death toll was 6,434. Nikkei index dropped 7.5% within the first week and ultimately it dropped 24.7% after 6 months.

But the current quake of 8.9 magnitude with possible death toll exceeding 20,000 and with the nuclear plant crisis, I expect the index to go below its historical low of 7172.

Singapore STI

Very bearish, it is the wave iii of 3 of (I) of the mega C.

Still a long way to go, we are only at middle of major wave (I) of mega C. There are wave (II), (III), (IV) and (V) in front of us.