by Ramki | Nov 3, 2008 | S&P500
What is the outlook for S&P500 once we get the US Presidential Election results? This is the question that most traders of US stocks and options have in their mind. Let me start with the assertion that we are still in a bear trend in the big picture. Bear market...
by Ramki | Oct 23, 2008 | Nasdaq
I believe we will reach 1140 in the NASDAQ not too long from now. Not only is that level a 161.8% projection of Wave A computed from the top of Wave B, it also coincides with a projected target for the 5th wave of the C wave. Trader Mike had suggested that we could be...
by Ramki | Oct 20, 2008 | Kuwait
The Kuwait Stock Index is approaching some short term objectives between 10500 and 10760. Expect a recovery to around 11500 as a first step, and later on to 12200. It is likely that this move will not be a simple and straight move as there are many badly bruised...
by Ramki | Oct 15, 2008 | Dubai
Back in January 2008, Dubai’s main stock index, DFMGI, was at 6320. Last week it traded at a low of 2991, a loss of over 50%. Investors have been badly hit. After the regulators announced several concessions and guarantees, we saw a smart rebound that lasted exactly...
by Ramki | Oct 14, 2008 | Kuwait
While the stock markets in the rest of the GCC have surged in tandem with the rest of the world, one might wonder why the moves in Kuwait are so hesitant. One reason could be that Kuwait did not witness a carnage like the rest of the world did. Its declines were more...
by Ramki | Oct 11, 2008 | S&P500
All you have to do is to search in Google (< click here) and you will see a lot of people talking about market bottoms. Let me share with you a secret. If there is one single reason why I have lost money on some of my trades, it is because I had this vain notion of...
