Saturday, April 7, 2018

Dow - Is it at the tail end of its major wave 8?

Dow (23,932)

Dow has completed its wave iv of C and has started its wave v of C on Friday with a 572 points (-2.34%) drop after Trump said on Thursday that the US would consider an additional $100 billion tariffs in Chinese goods.


If my projection of 22,600 level is the end of the wave C of its major wave 8, Dow has another 1,300 points to drop.

FBMKLCI (1,837)

Refer to my previous wave counts for KLCI, with the sharp drop on Wednesday, I am left with the possibility of a mega wave (6) correction of about 15%




Or a very bearish super wave (II) correction of at least 45% down.




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