by Ramki | May 31, 2009 | Euro
Medium Term Elliott Wave Analysis of EUR/USD One of the golden rules to follow is never make a forecast! That doesn’t mean one shouldn’t have a plan of action ready. What the pundits say is the market has a mind of its own, and you are very likely to be wrong if you...
by Ramki | May 27, 2009 | GBP
Medium-term outlook on Sterling Pound Back in March, when Sterling was trading around 1.4450, I wrote in the FX Trader magazine, and reproduced in Elliott Wave Magic, that we are likely to see the currency approach 1.6170. The currency has today reached a high of...
by Ramki | May 21, 2009 | S&P500
S&P500 Daily Chart 21 May 2009 When we are seeking an imminent reversal we are happy to spot anything that seems to support our view! This is a normal trader behavior. There is nothing wrong about that, because we could still be right! However, I suggest that you...
by Ramki | May 21, 2009 | Euro
This is a daily chart of EUR/USD The Euro has been in an uptrend for a while and looks it can reach the 1.3920/30 level this time. Observe how I have drawn the Fibonacci ratio from a top that has been cropped and placed in line with prior key levels. You could then...
by Ramki | May 19, 2009 | S&P500
The S&P500 index can go back to the highs One of the hardest decisions a trader makes is to take a punt against the current trend. It is seldom profitable immediately, and he worries how far away the market will go before his view becomes the accepted thinking....
