Despite the volatility in last few trading days, Dow continues its way to form the wave i of E of 8. If wave i can stop at around 24,800 level and can follow by a strong rebound, it is possible that Dow may form a 'head and shoulder' reversal pattern before going for its wave iii's drop to 21,000 or 20,000 level to complete its major wave 8. Still a long way to go.
KLCI will continue with its sub-wave v formation next week.
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