If the correction in the last 8 months is the major wave (6), then there is a possibility that it has been completed , and major wave (7) has started. Under this scenario, Dow is expected to set more new record highs on its way to complete its major wave (7). And we will not see the 15,450 low that Dow has recorded on last Wednesday.
However, at this moment, it is difficult for me to rule out the second possibility that Dow is forming its mega wave 2.
If ultimately, it turns out that this is the case, then very soon Dow will have to break its last Wednesday low of 15,450.
FBMKLCI (1,626)
If Dow has completed its major wave (6) and is currently forming its major wave (7), to be in tandem with Dow, it is possible that KLCI has completed its wave (ii) with a failure wave c, and wave (iii) has started.
However, if Dow is forming its mega wave 2, then the current rebound for KLCI is only the mini wave 2 of c. It has yet to form its mini wave 3, 4 and 5 in order to complete the wave (ii).
Best Kept Secrete ? (Rm 2.6 billion)
After months and months of hammering, suddenly "I have returned Rm 2.03 billion in August 2013." Such a big sum of money moving in and out of the country and Bank Negara has been keeping quiet.
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