Dow (26,504) - Wave E started?

It appeared to me that Dow has finally ended its wave D with a failure wave iii based on the 30-minute interval, 2-month chart.

Dow completed its minor wave iii on Monday. It went up on Wednesday morning to complete its minor wave v, mini wave 5, wave iii and wave D before making a U-turn in the afternoon by dropping 259 points from its intra-day high of 26,689 with volume of 303 million for the day. Dow dropped another 122 points on Thursday with 287 million share traded. It rebounded on Friday, gaining 197 points but with a lower volume of 248 million, a typical mini wave 2 rebound's volume. Mini wave 3 volume is expected to shoot up again.

This is my personal interpretation and I can be wrong too. You are advised to read other guru's articles for their view on the markets.

When Dow started to plunge, I believe KLCI will plunge in tandem.

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