Dow - Needs further confirmation

Dow dropped 313 points (3.26%) on Wednesday to close below 13,000 level.

As I have mentioned before, the moment Dow dropped below the 13,000 level, probability is high that the major wave 1 as shown is completed. I will be looking for further confirmation for this wave count.

However, Dow has gone below the 13,000 level by a mere 68 points or 0.5% as shown. Quite often, prices tend to fall short or overshoot, as such the following wave count cannot be ruled out yet.

Especially if Dow can have a strong rebound in the next few days. Just have to wait for further confirmation.

News on Lynas Rare Earth Plant near Kuantan

The Kuantan High Court has lifted the suspension of the Lynas Temporary Operating Licence (TOL) today, paving the way for Lynas to start its operation when the public is not even aware of any proposal from Lynas on the toxic and radioactive waste disposal.

The only way to stop this project is to let the opposition win the State of Pahang in the coming General Election.
 

.
.