by Ramki | Aug 1, 2010 | GBP
I have no problem discarding a wave count that has served us so well since March of 2009. Likewise, the count I am presenting here will also have a life-span. Once its time comes, we will have to let it go too. The most important consideration is whether the waves are...
by Ramki | Aug 1, 2010 | GBP
In my recent Elliott wave analysis of GBP/USD, I had suggested that 1.5655 is an important level, and if we fail there and come below 1.5530, perhaps we can kiss the Sterling Bulls a fond goodbye. But the love story is far from over, it looks. Goldman Sachs has put...
by Ramki | Jul 29, 2010 | GBP
The market is a great teacher. One has to take victories with the humility that next time one could be terribly wrong. Have we nailed the Sterling correctly yet again? Perhaps. But we will never know until the rest of the market is convinced. Right now the top has...
by Ramki | Jul 27, 2010 | GBP
The Medium Term Elliott Wave Analysis of GBP/USD posted here on 11th May (when Sterling was trading at 1.4836) suggested that we will first dip to 1.4226 and then rally to around 1.5500. The actual low was 1.4230 and today we are trading at 1.5590 levels. A couple of...
by Ramki | Jul 25, 2010 | Gold
Elliott Wave analysis of Gold as discussed here on 23 December 2009 had warned us to look for one final upmove once the complex correction from the prior peak at 1226 was completed. We got the move that reached 1265 on 21st June 2010. I would now like to suggest that...
