Elliott Wave Analysis of India’s Nifty Index

In this post, we shall take a look at India’s Nifty Index and consider what clues Elliott Wave Analysis offers investors and traders.The stock markets in India have been on the defensive over the last several weeks. In my last update of 4 March 2012, (Looks like...

Elliott Wave Analysis and Reflex Point as an important clue

On 18 March I posted a rather lengthy discussion about HOW we should wait for a particular sweet spot which offers a low risk buy level. I used the Shanghai Stock Index as my example, and made the following points. “If we now get a move above the reflex point in five...

Elliott Wave Analysis of Shanghai Stock Index

In order to be successful in our investment activity, we should spend the required time to analyze the stock/index/commodity etc that we want to invest in. Once you identify what you are interested in, the next thing to do is to figure out what is a good price to get...

Looks like Indian stock market rally is fading: NSE India

The Indian stock market rally in 2012 caught many players by surprise. Towards the end of last year, India ranked as one of the worst performers in Asia, but in a few short weeks, everything had changed. The rally in NSE India from the 4531 low has already covered...

Elliott Wave Analysis of Saudi Arabia’s TASI Index

Saudi Arabia’s TASI indexMy last Elliott Wave analysis of Saudi Arabia’s TASI index was back in July 2011, and a lot has happened since then. The index has powered ahead from a low of 5795 posted in August 2011 to the current level of 6780, a handsome 17% gain....

The Practice of Elliott Wave Analysis

I have been receiving several messages from traders who seem to have fallen prey to the age old impulse of selling into a rally, when everything we know tells us to be patient to buy the dip. The fact that the dip did not materialize should not be the excuse to sell!...