Sub-wave ii continues.

Dow (16,472)

Very likely, Dow is forming a 3-3-3-3-3 a-b-c-d-e sub-wave ii.

Dow added another 160 points after one hour of trading on Monday morning.

Wave d is likely to end at 16800 level.

Dow has completed its major wave (6) and is on its way to form its major wave (7).

FBMKLCI (1,647)

Similar to Dow, KLCI is also likely to form a a-b-c-d-e sub-wave ii

KLCI is in the process of forming its major wave 5 which is expected to last until 2017.

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