by Ramki | Jan 12, 2011 | Dow Jones
The last time I looked at the chart for the Dow was back in May 2010, where I warned of a downmove to 9000 levels. The correction went only to 9600 area, (still a nice 11% down from the time of the update). Examining it with fresh eyes and more price action reveals...
by Ramki | Jan 2, 2011 | India
In a recent update, I had pointed out that traders should wait for the imminent recovery to run its course, and join in the selling when we eventually get an overlap of the 6069 level on the way down. At the time of writing that comment the NIFTY was around 5944...
by Ramki | Dec 14, 2010 | India
Many readers are asking for the outlook for NIFTY, India’s most watched Stock index. When a huge move in one direction ends, the topping out takes a bit of time. The spotting of the end of the final fifth is usually a challenge. Who doesn’t want to know what the exact...
by Ramki | Nov 21, 2010 | India
How conveniently the 2-G scam has boiled over just when the NIFTY index has come within a handshake of the 2008 highs! But if you go back in time and look at all major events, you will find that technicals were also just about ripe for a turn in direction. The...
by Ramki | Sep 27, 2010 | India
Some readers have been asking about outlook on Sensex. I had done this a few days back but forgot to post it. As usual, the main comments appear on the chart itself.
by Ramki | Aug 8, 2010 | India
Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development of a 5th wave that could take us to 18550. The high so far...
