Elliott Wave Analysis of Saudi Index TASI

Back in November 2008, I had written how the Saudi stock index has left investors shell-shocked, and that the pain was far from over. The index came off by another 25% from the time of those comments. So what does Elliott Wave Analysis of TASI, or the Saudi Stock...

India’s NSEI outlook

The outlook for NSEI in the big picture is unchanged, in that we will eventually see it down to 4800. Investors should thus be patient for at least that level if they wish to purchase stocks for the long term. The recent gyrations must have tested all short term...

The Elusive NSEI 4800

India’s NSEI was cruising along nicely towards 4800 when all of a sudden the brakes were slammed and the index took off in the reverse direction. This has seemingly caught a lot of traders off-guard. Fortunate are the readers of Wavetimes who heeded the warning that...

NSEI 4800, here we come.

On 2nd January, we discussed the bearish implication of a move below 6069, and that move took us down nicely to under 5200. The rally from 5177 was described as an ‘X’ wave separating two sets of three-wave downmoves. We had a bit of trouble deciding how high the ‘X’...

Trading NSEI – Interesting question by reader

There was an interesting trading question on NSEI posted by a reader, but he posted it under an update on Gold! I think the Blogging software is not clever enough to allow me to move it under the appropriate category. So I am producing the question and the reply here...