KLCI continues to drop together with Ringgit with 1MDB and UMNO power struggle as the backdrop. Very soon we will be seeing Rm3.00 to Singapore $1.00.
Mini wave 5 is about there, but I am not sure whether the next rebound is mini wave 6 or a higher degree wave b of (ii).
Wave (ii) has a possible low of 1,673, the starting point of wave (i). KLCI has completed its major wave 4 in December 2014 and is currently on its major wave 5.
I am expecting the major wave (5) to last until early 2017 with new record high.
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