by Ramki | Oct 24, 2008 | GBP
I have been looking for Sterling to find support around 1.5850 because that area (as marked in this chart) was respected several times in the past 20 years. But today is a different story. Incredible as it seems, we were at 1.75 just 4 days back, and today’s low was...
by Ramki | Oct 23, 2008 | GBP
This is a brief update. I acknowledge it is silly to project the pattern that the market will trace. If I were to do some wishful thinking, then it will be an ending diagonal triangle like what is shown on the chart. Take care. Ramki
by Ramki | Oct 23, 2008 | Nasdaq
I believe we will reach 1140 in the NASDAQ not too long from now. Not only is that level a 161.8% projection of Wave A computed from the top of Wave B, it also coincides with a projected target for the 5th wave of the C wave. Trader Mike had suggested that we could be...
by Ramki | Oct 23, 2008 | US Stocks outlook
On 16th October I wrote that one could double his/her money by buying Citi in stages from $11.80 down to $10.40. Today, I came across this funny (old) quip about how to easily double one’s money, and decided to share it with you: “The quickest way to double your...
by Ramki | Oct 23, 2008 | Gold
A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite...
