Dow - Major wave C remains intact.

Indian Innovation

After completing its sub-wave (v) on 3rd October at 10,655, Dow has put on 10% so far to close at 11,808 on last Friday.

Dow is about to complete its wave 2 rebound. I am expecting the next wave 3 down trend to lose at least 3,500 points (1.618 times of wave 1) to below 8,500 level. Major wave C remains intact so far.

Bursa Malaysia

There is a possibility that the Bursa Malaysia industrial Index is forming a 'head & shoulders' pattern as shown above. Hopefully the major wave C can be completed in 2012.



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