by Ramki | Apr 23, 2009 | S&P500
First, remember that we are not discussing a major top for S&P500. What we are focusing on now is the top around 875 because we determined that a five wave rally that had a diagonal triangle in its fifth wave position is badly in need of a correction! Having...
by Ramki | Apr 22, 2009 | S&P500
We got the break in the index as anticipated, and the recovery looks good too. Be alert for a failure inside the wedge so you can join in soon after. Here is your chart. S&P500 Elliott Wave update Related S&P500 links: Was that the stock market bottom? SNP500...
by Ramki | Apr 20, 2009 | S&P500
On 8th April, we saw the possibility of the markets moving higher as part of the final leg of an Ending Diagonal Triangle in S&P500 index. As the attached chart shows, this up move has materialized. The question now is should we put on short positions around the...
by Ramki | Apr 8, 2009 | S&P500
On 1st April, when the S&P500 index was at 797, I suggested that we will get a move to just short of 850 but that will be about where the rally will fail. After reaching 845 on 2nd April, the market has been gently easing lower. The analysis done on 1st April...
by Ramki | Apr 1, 2009 | S&P500
One of the key take-aways from Elliott Wave Analysis is that there is an underlying harmony in the markets, even though it appears chaotic while the moves are happening. It requires some effort to determine where the likely pressure points are, and a lot of guts to...
by Ramki | Jan 4, 2009 | India
In the big picture, it is too soon to say that we have been freed by the bears. So use the current rally to get out of any longs near 3230. Either from 3230 or from 3275 I expect another wave of selling to take place in the NSEI. Here is your chart. Good luck!
