Going South ?

Crude Oil WTI (US$ 47.88)

At this moment there is this possibility that crude oil price has completed its wave (iv) of C and has started its wave (v) of C.

No panic selling yet, has to wait until it punches through the US$ 39.19 level and the market turns bearish.

Dow (20,896)

As I have mentioned previously, it is possible that Dow is forming its mini wave 2 at this moment and there are mini wave 3, 4 and 5 in front.

But I cannot rule out the possibility that Dow might have completed its wave (v) with a failure sub-wave v.

Be careful, be very careful of the possible 15% major wave 8 correction.

FBMKLCI (1,775)

If Dow can proceed to form its mini wave 3, 4 and 5, I expect KLCI to move in tandem with Dow in forming its own mini wave 3, 4 and 5.

However, if Dow has already completed its major wave 7 with a failure sub-wave v, it is possible that KLCI has also completed its wave (iii) of B and has started to form the wave C of its major wave (6).

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