I expect Dow to move higher in the next few days to form the minor wave iii of its mini-wave 5 of sub-wave iii of wave (xi). The next possible major turning point is at wave (xiii), Dow will take a few months to reach that point if I am right.
A crucial level to watch is the 16,800 level. I will have to revise my wave count if Dow goes below that level. Once that happened, it can mean that Dow has a failure mini-wave 5 and its sub-wave iii is completed.
If Dow has no danger, you need not worry about FBMKLCI. Keep a close watch on KSL. Hopefully it can open with a gap with high volume on Monday and move on with its minor wave iii.
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