Elliott Wave Analysis of Gold 29 Aug 2010

When I presented my wave analysis of Gold on 25th July, we were looking for a rally from around 1157 because a 5-wave decline seemed over. I also warned to wait for the selling to start before joining in. During the month that has passed, Gold has rallied as expected,...

Elliott Wave Analysis of EUR/USD 19 Aug 2010

Elliott wave analysis requires the trader to have an open mind about what could happen. The wave principle is capable of giving you a road map. You follow the signs until you run into an obstacle, at which time you will be presented with another map. Unfortunately,...

Medium Term Elliott Wave Analysis EUR/USD

Long time followers of my Elliott Wave analysis know that I propose an idea, and then follow it faithfully until proved wrong. The value of this approach is it allows us to take low-risk positions, while always remembering that we could be wrong. It has been my view...

Elliott Wave Analysis of GBP/USD 8 Aug 2010

Are we going to see a test of 1.6170 directly? and If we do get there, will we get a 10-big figure decline from there? These are some of the questions that the Wavetimes watcher must be having. Elliott Wave Analysis of GBP/USD suggests that so long we we stay above...

Elliott Wave Analysis of India’s Sensex

Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development of a 5th wave that could take us to 18550. The high so far...