by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here is the Elliott Wave Analysis of Saudi Basic Industries Corporation, or SABIC. Actually there are two charts that I would like you to see. The first is a monthly chart that shows the huge 5-wave rally to 252.61 has been corrected by a 3-wave decline. Wave B...
by Ramki | May 12, 2010 | Saudi Stocks Outlook
Here I present you with elliott wave analysis of Al Rajhi Bank, Saudi Arabia. As you can see, this stock too has behaved quite technically in the past, and elliott wave analysis suggests that we will eventually get a move that will take us to the previous fourth wave...
by Ramki | May 12, 2010 | Dow Jones
Here is the Elliott Wave Analysis of DJ Industrial Average that I presented to an audience of over 200 traders this morning. You will see that I am bearish in the slightly medium term for a dip to at least around the 9000 level and would recommend any recovery to get...
by Ramki | May 6, 2010 | Dubai
It has been a while since I looked at the Dubai index. From an Elliott Wave perspective, I suspect that we are continuing in a 4th wave bearish pattern that will eventually break down for a final leg. We have to be patient and enter the market only when a valid...
by Ramki | May 6, 2010 | Kuwait
On 8th March I had privately circulated an Elliott Wave update on Kuwait index. This is produced here just to demonstrate how one has to change his tune when the market shows it has a different mindset. Today, 6th May, the index has straddled an important prior top...
by Ramki | May 5, 2010 | Indian Stocks Trading
My last Elliott wave update on Tata Steel was back on 18th June. Since then, this stock has behaved perfectly from a technical point of view. Once the extended fifth wave was completed, there was no surprise in the move that followed (and continues to develop). As I...
