by Ramki | Sep 30, 2009 | GBP
We have come a long way in the Pound. Is the Sterling going to turn down at all? From an Elliott Wave perspective, I still think Cable is going to come off once ALL the remaining stops are done. This should happen pretty soon. The diagonal triangle that you see in the...
by Ramki | Sep 30, 2009 | GBP
Nothing works like Elliott Wave analysis when it works! The Pound has dropped 200 pips already. While we could expect more weakness ahead, I would like to be prepared with a plan of action should we see a strong correction from around here. ( I am not saying this...
by Ramki | Sep 29, 2009 | GBP
We got the dip to 1.5768 and a strong rally that has reached 1.5980 at the time of writing. I think there is a chance for some selling at 1.6003, but the bigger resistance lies at 1.6079. From one of these two places, look for a sizeable move lower.
by Ramki | Sep 27, 2009 | GBP
I would like you to start with the medium-term update of Sterling Pound posted on 27 May 2009. In that post, I had suggested that we will top out close to 1.6670 and decline to 1.3300 area. The Pound stopped 9 pips below that at 1.6661 and sold off to 1.5803. On the...
by Ramki | Sep 16, 2009 | Gold
Every now and then I run into these situations when I have to revise my analysis of several instruments at the same time. The simple fact is NO ONE can forecast the markets. What one can do is to determine with a reasonable degree of confidence about the likelihoodof...
