Dow - Forming wave iv of C

Dow (24,103)

Dow is about to complete the wave iv of C of its major wave 8.

If major wave 9 were to start say next month, Dow will be able to last a few more years with new record highs before the end of its mega wave VII. Mega wave VIII correction is expected to be about 50%.

FBMKLCI (1,863)

My wave count for KLCI remained the same as last week but abrupt change to its form cannot be discounted in view of the current volatile and uncertain political scene.


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Miscellaneous

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Dow - Will the current correction end at 22,600?

Dow (23,533)

If Dow is having its major wave 8 correction and if 15% is the target, Dow is expected to end its correction at around 22,600 level, another 933 points or 4% to go. But if the $60 billion tariffs on China as announced by Trump were to develop into a full scale trade war between the US and China, 22,600 is unlikely to be the end for Dow .

FBMKLCI (1,865)

As mentioned in my previous postings, firstly I have a not so likely but bullish wave count as shown below, a major wave 5 in the making.

Secondly I have a bearish wave C (-15%) of mega wave (6) scenario.

Now I have come up with an even worst wave count for KLCI as shown below.

A 46%, short duration, mega wave (6) correction is the best we can have, unless it can turn into a shallow but long duration correction.

The worst case that can happen is a super wave (II) correction. Do remember, stopping at mega wave (4) is the minimum target.

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Yeo Bee Yin 杨美盈 - Moving to Johor

Dow - To plunge or to surge ?

Dow (24,946)

Following my previous bearish reading of a major wave 8 correction (-15%), Dow is forming its wave C of 8. It has completed the sub-wave i-ii and mini wave 1-2, the next down will be the mini wave 3 of sub-wave iii, the drop can be sharp.

However if Dow can have a strong surge in the next few trading sessions, starting next Monday,

or it can continue to drop for the next two to three days next week follow by a strong surge before end of the week, then the current correction since early February is only a wave (iv) pullback. The major wave 7 is going to have 9 waves instead of 5 waves. There will be more new record highs in front before the completion of this major wave 7.

FBMKLCI (1,846)

Moving in tandem with the Dow, KLCI has been forming a similar pattern as Dow since early February

If Dow were to plunge, I guess KLCI  will plunge in tandem to complete the wave C (-15%) of its mega wave (6).

However if Dow were to surge higher, KLCI is expected to break out at the upper end.

A very bullish scenario. Is it possible?

Insas Bhd (Rm 0.905)

I am still waiting for Insas to unfold its major wave 5 with a minimum target of Rm 1.80.

Has Insas completed its major wave 4? I hope it has but it is always difficult to pinpoint the ending of a corrective wave.

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Dow - Major wave 8 correction

Dow dropped 577 points (-2.27%) within 3 days, very likely it is forming the mini wave 3 of its wave C of its major wave 8 instead of the wave A as mentioned in my previous posting.

Dow - Stronger than expected rebound on Friday

Dow (25,335)

Dow caught me by surprise with a 440 points (1.77%) rebound on Friday, when I was looking for the starting of mini wave 3 of iii of A. But as long as it doesn't go higher than its sub-wave ii's closing high of 25,709 my current wave count can still hold.

However if Dow continues to move higher and go above 25,709 then it is more likely that major wave 7 has not yet ended. The current correction is more likely to be the wave (vi) of 7, A more bullish scenario.

FBMKLCI (1,843)

To tie in with the two possibilities of Dow, I have developed two possible wave counts for KLCI.

If Dow is having its major wave 8 correction, KLCI is likely to go for its 15% wave C pullback.

If Dow is only having a wave (iv) correction, KLCI will be having its sub-wave (iv), a side way consolidation.

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