Elliott Wave Analysis of Indian Stocks

This is a chart of Unitech Ltd, India Now that the Parliamentary elections are over in India, and a decisive mandate has been given to the Congress party and its allies to continue in power, most people expect the stock market to react positively. Let us take a look...

Fifth wave extension of S&P500 completed

S&P500 is ready to dive On 5th May I presented you with this chart. The market more-or-less behaved as expected. In a more recent update I warned you to be patient until we get the first clue of a topping out is shown to us. The reason is quite simply we won’t...

How to use Fibonacci Ratio Retracements

If you are looking to learn how to use fibonacci ratio retracements, you have come to the right spot. A few years back I read a book by Constance Brown – “Technical Analysis for the Trading Professional”. She made a very good point on how the ‘theorist’ among...

S&P 500 up trend target

The current uptrend in the S&P500 has more time to go In recent updates I have called for the S&P500 index to remain well bid, warning we could see it reach its first target of 937 in this short term up trend. That level is very close, and not far from another...

Trading and training of the Will

“To aggressively pursue opportunity and equally aggressively refrain from risk when opportunity is not present requires a highly developed Will. We train ourselves for our careers, and we train ourselves physically. Rarely, however, do we train the Will and cultivate...