by Ramki | Jun 21, 2009 | India
Is there one right way to count the waves? I can say this for sure. Until a move is over, there is certainly more than one way to count. Sometimes, even after a move is over, one has to decide where exactly the move finished. Take the case of India’s Sensex....
by Ramki | Jun 18, 2009 | Indian Stocks Trading
Tata Steel breaks support A technical trader has to watch a few things carefully, especially if we are in the fourth wave position. First, see if the 2nd wave was a simple correction. If you can confirm to yourself that the second wave was a simple one, then the...
by Ramki | Jun 16, 2009 | Indian Stocks Trading
Tata steel in fourth wave triangle Tata Steel has come a long way from its lows, and after a steep third wave rally that ran 300% of its first wave, the stock has corrected 23.6% as a fourth wave triangle. Look out for any sharp break above the upper boundary of the...
by Ramki | Jun 14, 2009 | Gold
Gold posts head and shoulders top Gold has closed below the neckline of what looks like a nice head and shoulders top. The neckline itself lies at 944, and will become a major resistance if the metal continues to slide towards its first target around 900. Readers will...
by Ramki | Jun 10, 2009 | GBP
Sterling Pound enters its 5th wave within a bigger third wave I lost about 20 pips in learning that the GBP/USD remains in its third wave, and is currently in the fifth wave position within the third. Like every other third wave, this one is not afraid to show the...
