Índice FTSE da Bolsa da Malásia KLCIViés de baixa
The first life-time major bear market for Malaysia stock market.
Based on the chart pattern available and my best knowledge on applying Elliott Wave Principle, I'm currently seeing FBMKLCI undergoing its first big major bear market.
Based on currently available information, the 1998 financial crisis decline is best counted as A-B-C decline correction, and the subsequent rally from 1998 bottom to 2018 top is best intepreted as a multi-year expanding ending diagonal.
What we are witnessing currently is the unfolding of multi-year (potentially multi decade) bear market decline of larger degree/magnitude than Asian Financial Crisis and Subprime Mortage Crisis.
My view may change with time as more pieces of the puzzle are available.
Based on currently available information, the 1998 financial crisis decline is best counted as A-B-C decline correction, and the subsequent rally from 1998 bottom to 2018 top is best intepreted as a multi-year expanding ending diagonal.
What we are witnessing currently is the unfolding of multi-year (potentially multi decade) bear market decline of larger degree/magnitude than Asian Financial Crisis and Subprime Mortage Crisis.
My view may change with time as more pieces of the puzzle are available.
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