The KLCI completed its wave (iii) down leg and is in on its wave (iv) rebound. The key resistance is 864pts, the 38.2% FR of wave (iii). Once this rebound ends, the wave (v) down leg should kick in, possibly testing the recent 836 low or Oct 08’s 801pt low.
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Friday, 20 March 2009
Malaysia’s KLCI – one more leg down?
The KLCI completed its wave (iii) down leg and is in on its wave (iv) rebound. The key resistance is 864pts, the 38.2% FR of wave (iii). Once this rebound ends, the wave (v) down leg should kick in, possibly testing the recent 836 low or Oct 08’s 801pt low.
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