by Ramki | Nov 9, 2008 | Nasdaq
A few days back (23 Oct. to be precise) I posted the chart of the Nasdaq top 100 index while referencing to Trader Mike’s post of a potential symmetrical triangle in the Nasdaq Composite index. I figured that it is time to take a look at that chart again. There are...
by Ramki | Nov 6, 2008 | Indian Stocks Trading
On 3rd November I warned you to get out of your Reliance Industries holdings near 1480. (see the post here.) I think the stock will bottom out between 855 and 905. However, being small investors, we should start buying from Rs 925. Sure, a lot of bad news could still...
by Ramki | Nov 6, 2008 | US Stocks outlook
I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the...
by Ramki | Nov 6, 2008 | GBP
I warned you folks about this chop in Sterling Pound . In just 40 minutes, Sterling had dipped from 1.5830 to 1.5720 and raced higher to 1.6020. What should one do in such a market? The most sensible thing to do is to go out for a snack. Why get involved in the middle...
by Ramki | Nov 5, 2008 | Euro
The most difficult time to trade any instrument is when it is in a complex 4th wave position. I think the Euro is currently in that position. You might see the currency come down, and just when you think it will continue lower, it could abruptly turn around and race...
