by Ramki | Mar 18, 2012 | Dow Jones Utilities
One of WaveTimes readers, Tom Davis, has sent me a very interesting message, pointing out that we need to be careful about being overly bullish in other markets, given the non-confirmation in Dow Jones Utility Average (DJU). To be honest, I am also guilty of not...
by Ramki | Jan 26, 2012 | S&P500
The current rally in the S&P500 index looks powerful, and this should make people wonder about the medim term outlook for the US stock market. Readers might remember my post of 16 December 2011 where I suggested that we will probably see one strong rally in the...
by Ramki | Dec 18, 2011 | S&P500
Two things are clear from the attached chart. First, there is a reasonably good chance that we will go back and forth for a few more weeks, and it is possible that one particular rally will be relatively powerful. However, just when everyone starts to cheer, I suspect...
by Ramki | Sep 18, 2011 | Dow Jones
Exactly a month back, on 18th August, when we discussed the Elliott Wave outlook for the Dow Jones Industrial Average, we identified 11725 as a key level. The index topped out at 11712 and came off by over 7%. However, we are witnessing yet another recovery in this...
by Ramki | Aug 18, 2011 | Dow Jones
Having prepared this on the 15th, with an intention of sharing with readers the same evening, I went out for a walk. I suddenly remembered that I had promised my wife that we will go to the movies, and promptly forgot that this update was ready! Anyway, we are still...
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...
