Harmony in markets

One of the key take-aways from Elliott Wave Analysis is that there is an underlying harmony in the markets, even though it appears chaotic while the moves are happening. It requires some effort to determine where the likely pressure points are, and a lot of guts to...

Beware of newspaper predictions!

Elliot Wave Analysis is more reliable than your newspaper reports. But let us face it. We have grown up in a society where most people believe what they see in print. (True, a lot of people also believe what they hear on CNBC!). Let me share with you a recent headline...

NSEI has slight upside left

In the big picture, it is too soon to say that we have been freed by the bears. So use the current rally to get out of any longs near 3230. Either from 3230 or from 3275 I expect another wave of selling to take place in the NSEI. Here is your chart. Good luck!

Don’t get overly bullish on Gold

Yesterday someone told me that he has been long Gold and is very happy. I remembered that sometime back I had posted an update  saying that Gold will eventually move below $650. I am now saying that we will go even lower, perhaps to $560-580. How do we profit from...