by Ramki | May 12, 2010 | Dubai Stocks Outlook
Abu Dhabi Commercial Bank is an important player in the emirate of Abu Dhabi. Elliott wave analysis of its stock shows we could potentially have seen a medium term low and so long as we don’t break below the recent lows, we could well have a multibagger in our hands....
by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has been corrected by a 3-wave decline. Wave B...
by Ramki | May 12, 2010 | Dow Jones
Here is the Elliott Wave Analysis of DJ Industrial Average that I presented to an audience of over 200 traders this morning. You will see that I am bearish in the slightly medium term for a dip to at least around the 9000 level and would recommend any recovery to get...
by Ramki | May 11, 2010 | GBP
I would like to start by pointing to this link dated Septermber 27, 2009, where I had reiterated the bearish call for Sterling Pound, GBPUSD. Today, I was shown a research report from Morgan Stanley where they are going short the Pound here at 1.4850 with a stop at...
by Ramki | May 10, 2010 | Euro
“Lending more money to already over-borrowed governments does not solve their problems” says Mr Carl Weinberg. The FX markets seem to agree, as the Euro is rapidly giving up a lot of the gains it made yesterday. Are we going to 1.1700 directly? Let us start by...
