Author: Ramki

I have just published an article on Forbes.com on the topic of whether Meta (Facebook) stock has seen the bottom. You might recall that when it was trading around $237, I had pointed out that Meta was headed towards the $200 support zone. The stock has been hammered following a worrisome negative news that Apple’s privacy policy is hurting the company more than previously thought. Here is the link for this article. As always, I use the Elliott Wave Theory to explain my analysis. https://www.forbes.com/sites/greatspeculations/2022/03/20/has-meta-facebook-stock-seen-the-bottom/ I use some of the methods that I teach in my books and in my…

I have just published my Ellliott Wave article on Forbes which you can access with the follwing link: https://www.forbes.com/sites/greatspeculations/2022/02/06/what-is-the-nearest-technical-support-for-meta-nasdaq-fb/ Of course, it does not have all the detailed explanations about how to trade the stock from here, somethjing that I teach in my online Elliott Wave Course! But you will get the main trend of my thinking over there. Enjoy! You could also review a related post on Extended fifth waves here: https://wavetimes.com/fifth-wave-extensions-can-make-you-rich/

Elliott Waves enabled us to capture a nice little trade in S&P500 index in the last few days. On the 23rd of January, 2022, I emailed members of the WaveTimes exclusive club the following message “With the markets all jittery about the likely interest rate hikes this year in the US, everyone knows that stocks are going lower. One exception could be value stocks! But this email is about the S&P50 index. How far can this go, and how should we trade it from here? As you all know, my approach has got less to do with forecasting than finding…

Hedge Funds are, by defiinition, smart money! And do they use Elliott Waves? Take the case of Netflix. The popular HedgeMind website had reported on 21August 2021 that Netflix was the #1 buy of Hedge Fund manager Stanley Druckenmiller. On that day, Netflix had closed at $517.92. The Hedge Fund had acquired this new position during Q2 of 2021. In the chart below, you can see that on the 1st day of Q2, 2021, the stock closed at $539.42. The wave 4 low came in at $478. My Elliott Wave book “Five waves to Financial Freedom” has explained how to…

You got to be alert to what is happening in the market in order to make money. When a company does something to unlock value, and the promoter also buys shares from the market, you take notice and do your analysis. My Elliott Wave book “Five Waves to Financial Freedom” teaches you the basics of Elliott Wave Analysis. (In case you dind’t know, the 10th anniversary edition with all-new examples is available now as both an ebook and a paperback in some markets) Then comes the more important step, the tactical decision making that will allow you to profit from…

Wishing all my friends in the market a very merry Xmas and Happy New Year!

Yesterday’s post was a teaser, just to demonstrate that it is possible for one to be convinced that a top is already in place. Yet, when it comes to risking real money, we cannot jump to conclusions without a careful consideration of all angles. As I said earlier, I will try to record a case study on this stock, but for the rest of you, who haven’t yet considered joining my online Elliott Wave Course, these additional charts should give some food for thought. The rest of the strategy and tactic will be in the case study that I will…

I saw a catchy headline on Moneycontrol.com that read “A soft quarter for TCS — Avoid or add?”  It has always been my recommendation that we should be guided by these kinds of interesting articles to the extent they draw our attention to something we might have missed! But beyond that, we should doour own analysis. Yes, our own Elliott Wave analysis! How will you even start your Elliott Wave analysis of a stock such as TCS when it is close to its all-time high? Take a look at the daily chart shown below. What do you make out of…

Elliott Waves are perhaps the most powerful of techniques a trader can use to profit from tyhe market. In fact, I can confidently say that a vast majority of successful traders in the financial markets use Elliott Waves to take money from the less educated traders. Unfortunately, most resources available in the internet are hard to understand and worse, will produce very poor results because of faulty implementation. Elliott Waves is an approach to trading, and most people who publish courses seem to merely reproduce what they have read in some standard text books. As a trader who risks his/her…

I am currently consulting with a client who has an interest in United Spirits Ltd (Breweries & Distilleries sector). The stock is a perfect example of how we can use Elliott Waves to avoid the pitfalls that a classical analyst would generally overlook. I will share with you just the first 2 or 3 Elliott Wave charts of United Spirits to get you thinking. In my experience, a triangle is one of the most unreliable formations. Now you see it, and now it is gone!  Well, it doesn’t vanish, it just changes shape. I am not saying that this will…