by Ramki | Jan 17, 2010 | Dubai
Following an extended 3rd wave sell off, the index had recovered by 50% of that decline. However, I feel that this recovery was only part of a complex 4th wave. SO be patient while this 4th wave unfolds over an extended period of time. We will get the 5th wave much...
by Ramki | Jan 4, 2010 | India
Two consecutive closes above the prior significant high means we should re-evaluate the wave counts and this has been done on the chart. The main suspect until this time is what I have labelled a 5th wave of the third wave. That looks like a 3-wave movement withthe...
by Ramki | Dec 14, 2009 | Dubai
Here are the charts of Dubai Financial Market Index as well as Kuwait Stock Market Index. I prepared the analysis of Dubai Markets before the news as you can see from the date on top. Both charts are posted here just to illustrate the usefulness of elliott wave...
by Ramki | Sep 4, 2009 | India
Exactly a month ago, on 4th August, I presented you with technical analysis of India’s Sensex index (BESEN). In that Elliott Wave update of the Sensex, you saw that there was room for it to reach 16045 or 16115. Nothing has changed in the last four weeks to that...
by Ramki | Aug 19, 2009 | India
Repeated tests of a support line makes that level important in the big picture. So far, the Indian benchmark Sensex has managed to hold above the support line shown in the chart. However, if we get a break of that, then technical selling will take the index down to...
by Ramki | Aug 16, 2009 | India
Sure, India now has a stable government in place. But listen up, folks. Are we not getting ahead a bit too soon too far? After all, the news from the weather man has been anything but exciting, with a failed monsson. Add to that the swine flu problem, not to mention...
