KLCI dropped another 22 points or 1.44% today. The mini wave 5 developed into 5 sub-waves of i-ii-iii-iv-v. Hopefully this is the end of the wave c of (ii). The worst possibility is a 9-wave c of 1-2-3-4-5-6-7-8-9.
Gold (US$1,936/oz)
Gold continues with its mini wave 4 correction with an a-b-c-d-e formation.
After completing its mini wave 4, gold will move up again to complete the mini wave 5 as well as the sub-wave vii of its wave (iii).
Looking at the 40-year chart for gold, it is going for a long bull run partly due to the runaway inflation due to excessive money printing and partly due to the falling USD.
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