Saturday, April 29, 2017

Dow - 15% pullback in May ?

Dow (20,940)

Dow is likely to form its mini wave 5 next week. If sub-wave v has only five waves and wave (v) also has only five waves, then the end of mini wave 5 will mark the end of sub-wave v, wave (v) as well as the end of major wave 7. Major wave 8 correction is likely to have a 15% or 3,000 points pullback. From its current level of 20,940 to the target level of 21,500, Dow has another 2.3% or 500 points to go.


FBMKLCI (1,768)

If KLCI can move in tandem with Dow for another 2% up, that will bring the index to around 1,800 level before the 15% wave C takes place.




If one really believes that Dow is going to complete its major wave 7 in May and KLCI is going to move in tandem with Dow, the only logical thing to do is to get out slowly within the next two to three weeks.

Pray hard that your stocks in hand can have another surge, the last surge, for you to get out.

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