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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