Looked Pessimistic

Dow (26,287)

Very likely Dow will start to form the mini wave 3 of its wave i of E in the coming week. Wave E of the major wave 8 is likely to end somewhere near the 21,000 level.

The only consolation is to look beyond the major wave 8 where the major wave 9 has a potential target of 34,000. From 21,000 to 34,000 is a 62% gain.

FBMKLCI (1,615)

KLCI will continue with the formation of the sub-wave v of its wave (iii) of C in the coming week.

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