by Ramki | Nov 19, 2008 | Inr
On October 21, soon after we saw calls for the Indian Rupee at 57 to a dollar, I suggested we could be heading the opposite direction, towards 45.25. The idea was based on the Elliot wave view that after a 5th wave extends, we should get a sharp reversal down to the...
by Ramki | Nov 19, 2008 | US Stocks outlook
Thanks to some tough cost-cutting measures implemented by CEO Mark Hurd, Hewlett-Packard Company (NYSE:HPQ) is in a position to give out strong 4Q outlook. This has sent the stock price sharply higher yesterday, up over 14%. I invite you to take a look at the...
by Ramki | Nov 19, 2008 | GBP
Today’s headlines read the Bank of England were considering whether BPthey should cut the base rates by more than two points on November 6, but settled for a 1.5% cut so that they would have room to cut later on, and bolster confidence. Why is the Pound gaining ground...
by Ramki | Nov 18, 2008 | US Stocks outlook
With the stock tantalizingly below $9, many people have expressed an interest to see if there is any change in the outlook. So here is a fresh chart which suggests that perhaps we might find some support around $7.20. An ideal way to trade this will be to wait for a...
by Ramki | Nov 17, 2008 | US Stocks outlook
The objective of every investor is to buy as early as possible at the beginning of every new, major up move. Establishing a target for Wave 5, then, is the most important aspect of Elliot’s Wave Principle. I have presented you with a chart of Google (Nasdaq:GOOG) Let...
