Dow - A 'wave b' rebound ?

If the game is not over yet, the current rebound is likely to be the wave b of major wave (6).

The next possibility is the worst case scenario, the rebound is the sub-wave ii of wave (i) of major wave (1) of mega wave 2. In simple language, this is the starting of the mega wave 2 correction.

But I think it is more likely to be a wave (6). Why ?  Because FBMKLCI is not ready to end :) and Bernanke won't allow a collapse to take place before his term is over :)

Bursa Malaysia

I was expecting a mini wave 5 (down) in the last few days but instead FBMKLCI gained 45 points (2.6%) in 3 days. With that, wave c has only three waves instead of five waves, so the current three waves run-up can be wave d, to be followed by another three waves down, the wave e, to complete the sub-wave (iv).

 

However, if the index continues to move higher in the next few days and proceeds to break its July's high of 1810, then I have no other choice but to accept the last low as the end of sub-wave (iv) with mini wave 5 missing.

Sub-wave (v) is expected to last until early 2014.


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