With the drop in crude oil price to below US$50.00 a barrel, I have revised my previous wave count to take into consideration the latest development.
With this revision, the major wave 4 rebound has not yet started. Hopefully we can have the rebound by September/October and hopefully it can last until 2017 paving the way for another rally before the bubble burst. Hopefully FBMKLCI can move up in tandem to complete its final wave 5.
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