Dow - Major wave 8 correction (-15%)

Dow (25,219)

Dow is forming the wave B of its major wave 8 unless Dow can keep on going up for new record high, then the 23,860 low on Feb 8 is the wave (iv) and not wave A.

FBMKLCI (1,838)

KLCI is forming the wave C of its mega wave (6).

I don't expect the general market to be good as the General Election 14 is around the corner and it is of great uncertainty who is going to win the election.

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