Weekly Update

Dow (20,804)

My reading for Dow remained the same. Dow is either on its way to complete its mini wave 3, 4 and 5 of its sub-wave v of wave (v) of major wave 7.

Or Dow has already completed its wave (v) with a failure sub-wave v. This is a bearish option with Dow currently forming its major wave 8 with a possible 15% correction.

FBMKLCI (1,768)

Depending on Dow's direction, KLCI is either on its way to complete its mini wave 3, 4 and 5

Or on its way to complete its mini wave 5

Or it has already completed its wave B in early March and is moving south to complete its wave C.

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