Dow and FBMKLCI

Dow (24,538)

Dow is forming the wave C of its major wave 8. I expect it to end somewhere near 22,600 level, another about 8% to go.

FBMKLCI (1,856)

If KLCI is unable to move above 1,870 level, the current down trend is likely to be the sub-wave iii of the wave (i) of its wave C. I expect it to go to 1,600 level.

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