by Ramki | Nov 12, 2008 | GBP
The Governor of the Bank of England, Mervyn King, has said today that the UK is probably in recession now and 2009 is going to be difficult. He also asserted that he stands ready to cut interest rates again if that is required. Clearly, we need to remain short in...
by Ramki | Nov 11, 2008 | S&P500
If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index...
by Ramki | Nov 11, 2008 | Dubai
On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. A safe level to buy will be around 1860 in the index. As always, when one is trying to pick a...
by Ramki | Nov 10, 2008 | S&P500
On November 3, a day before the US election, I wrote that the S&P index was still in a downtrend and we should use any recovery to the prior high of 1045 to get out of longs. I also suggested that should we reach 1136, we should turn short there. As it turned out,...
by Ramki | Nov 9, 2008 | Nasdaq
A few days back (23 Oct. to be precise) I posted the chart of the Nasdaq top 100 index while referencing to Trader Mike’s post of a potential symmetrical triangle in the Nasdaq Composite index. I figured that it is time to take a look at that chart again. There are...
