by Ramki | Apr 30, 2009 | S&P500
The S&P500 index has been recovering steadily You will recall that in my last update of 23rd April, I had warned of another move higher. Once an extending fifth wave is completed, and we get a first sell-off, we should always be on the alert for a retracement all...
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 | US Stocks outlook
It is official. ORCL will be buying Sun common stock for $9.50 per share in cash. Here is a quick look at the chart for ORCL from Elliott Wave perspective. Enjoy. Elliott wave analysis of ORCL
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 14, 2009 | UK Stocks
Elliott Wave Analysis of Barclays Bank Today the news is Barclays Bank went to a three-month high on market optimism fueled by some nice numbers from US Bank Goldman Sachs. So I decided to take a look at what the charts tell us about Barclays. Like most other big...
