by Ramki | May 12, 2010 | Dubai Stocks Outlook
Elliott Wave Analysis of EMAR Dubai is more challenging than some other stocks because Emar has been moving sideways for a while. This bellwether stock of the UAE still looks a bit soft to me and think we could get a dip as part of a B wave before the next rally can...
by Ramki | May 12, 2010 | Egyptian Stocks
This is the first time I looked at a stock from Egypt. I was asked to do Elliott wave analysis of Talaat Moustafa, and I’d like to share this with you today. To put it briefly, this stock has legs to reach 9 Pounds, but should it reach 10.45 plus area, be sure to...
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 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...
