by Ramki | Mar 10, 2010 | GBP
As discussed earlier, we will never know in advance when and where an extension will finish. We can only guess! Yesterday we got the first recovery to 1.5015 area without a problem (that was shown as point “A” in the chart of yesterday). However, the picture changed...
by Ramki | Mar 9, 2010 | GBP
Early this morning I suggested that the 5th wave will extend. Why? Typically, at least one impulse wave in a five-wave sequence will experience an extension. As the first and third waves were of normal proportions, we were on the lookout for the 5th wave to extend....
by Ramki | Mar 8, 2010 | GBP
Quite frequently we come to the office in the morning and see that a big move has happened overnight. Our first instinct is to join the move on any pull back. However, it pays to visit the short term charts before jumping in. Look for a five wave pattern, and figure...
by Ramki | Mar 2, 2010 | GBP
In this update, I am going to look at the medium term outlook for Sterling Pound, or GBP/USD. Those who have subscribed to this blog would have seen the last medium term update on cable, (another name for GBP/USD) posted here on 4th August 2009. (here is the link to...
by Ramki | Feb 2, 2010 | Gold
A correction can sometimes be 100% of the prior move, and this is what we seem to have got in Gold. Take a look at this chart where the Elliott Wave count labels are clearly marked. Gold has retraced 100% of its prior rally and has embarked on a strong rally that we...
