Dow - Heading for Ending Diagonal Triangle
Dow rebounded 1.17% (208 points) on Monday. Don't tell me it is heading for an ending diagonal triangle wave (xiii) that I have mentioned two days ago.
If it is really an ending diagonal triangle, the next question is whether the coming major correction is the major wave (6) or the mega wave 2? My guess is - major wave (6), 13% pullback.
Why?
Because Crude oil is going side way staying between US$50 to US$70 a barrel for the next two years to form the wave 4 correction. This should be good for the world economy especially US, China, Japan, India and Europe.
RGB International Bhd (Rm 0.19)
RGB is the 4th most active counter on Monday with 114 million shares traded. It gained 2.5 sens (+15%) to close at 19 sens.
Minor wave iii of its mini wave 3 of iii has started.
Can it punch through its upper channel line ?
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