It appeared that wave (v) of 3 has shortened its journey and has already been completed. My expectation of one more down has vaporized.
If major 3 has only 5 waves and are completed, then the current up trend is likely to be the major wave 4 which has a potential target of US$ 80.00 within the next 12 to 15 months.
Dow (17,740)
It is quite clear by now that Dow has completed its sub-wave i and is currently forming its sub-wave ii of its major wave (7).
FBMKLCI (1,649)
KLCI is forming the wave a of its sub-wave ii. It has a potential low of 1,600. Next rebound is likely to be the wave b of ii.
Instead of looking at the stocks, it is advisable to watch out for the next explosive news from 1MDB.
.
No comments:
Post a Comment