Saturday, August 19, 2017

Dow - Forming major wave 8?

Dow (21,674)

Possible worst scenario for Dow is as shown below, Dow has completed its major wave 7 and is heading for a 15% drop to complete its major wave 8.



A not that bad possible scenario is a 4.5% sub-wave vi correction.



And if Dow can start to move higher next week and can start to set new record highs on its way, very likely sub-wave v has 9 mini waves .


FBMKLCI (1,776)

KLCI is likely to move lower next week to form the mini wave 3 of its sub-wave iii.


Insas Bhd (Rm 0.995)

Insas may have started to form the wave (v) of its major wave 3.


Priceworth International Bhd (Rm 0.215)

PWorth may have completed its wave (iv) and has started to form its wave (v).



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