A downgrade could trigger a sell-off in the country's equity and bond markets, and add pressure on the ringgit.
Click 'Asian Review' for the report.
FBMKLCI (1,614)
KLCI dropped 13 points today to close at 1,614 level.
Since the 1,620 level is broken, I have to forget about the 15 to 20 points mini wave 1-2 rebound that I have mentioned previously. Sub-wave iii may take the form of the sub wave i as shown above.
Sub-wave i dropped about 110 points from 1,730 to 1,620. If sub-wave iii has the same magnitude as sub-wave i, it is possible that sub-wave iii can drop to 1,550 level.
Be careful.
http://chanky50.blogspot.my/
