Dow OK, Crude Oil OK, KLCI not OK.






Dow moved above 18,000 and Crude Oil (WTI) closed higher than US$ 50.00 a barrel.

As I have mentioned previously, by mid 2017 I expect Dow to be above 20,000 in its major wave (7) movement.


And Crude Oil (WTI) to reach US$ 80.00 in its major wave 4 rebound.


Will KLCI move in tandem with Dow and Crude Oil price and has its major wave 5 run-up until mid 2017 ?


I am not very sure. Frankly speaking, at this moment I am monitoring for a possible 'failure major wave 5' as shown below.


Why? 1MDB loh. Weak Ringgit loh. Net out-flow of foreign investment loh. What else ?

When you have news like this:


and headline like this:


Click 'WSJ' to read.

I just wonder whether KLCI can have its major wave 5 run-up until mid-2017.


If KLCI can continue to move higher, that is very good.


But if today's 7.34 points drop marked the end of sub-wave ii,


and if KLCI continues to move lower from here and goes below 1620 and 1600 levels, be careful, be very careful, both major wave 5 and mega wave (5) might have ended.


The next down can be the dynamic wave (iii) of super wave (II).


http://chanky50.blogspot.my/2016/06/dow-ok-crude-oil-ok-klci-not-ok.html