by Ramki | Dec 15, 2008 | US Stocks outlook
A lot of traders are under the impression that technical analysis will give cut and dried answers to their trading challenges. Many of those who practice Elliot wave analysis also have this notion. How I wish life was so simple! All that technical analysis does is to...
by Ramki | Dec 14, 2008 | Indian Stocks Trading
On 1 Dec, I suggested that Dr. Reddy’s was showing a bottoming formation. A low-risk trade is coming up on the radar, and it might be of interest to traders who follow Indian stock markets.
by Ramki | Dec 11, 2008 | Indian Stocks Trading
When Tata Tea reached the 430 level a few days back, it was clearly time to buy. Not only was the overall market in an oversold condition, this particular stock had reached a 123.6% Fibonacci projection of its previous large decline. From the 430 area, we have already...
by Ramki | Dec 9, 2008 | US Stocks outlook
I am quite sure that many traders have gone long on GM expecting a nice rally once the bailout details emerge. Question is, where should we take profits? Take a look at the attached chart. You will see two tops back in mid October. That is your crucial level for now....
by Ramki | Dec 2, 2008 | US Stocks outlook
This is a quick post, following up on the 19 Nov post where we were looking for resistance at $36 for Hewlett-Packard Company (NYSE:HPQ). The stock has embarked on a correction from precisely that level, and it looks like we could get to test below $32 in the coming...
by Ramki | Dec 2, 2008 | US Stocks outlook
Rambus Inc, a closely watched Nasdaq stock, has shot up from its recent low of $4.95 to close yesterday at $11.39. While there are clearly some fundamental reasons behind the aggressive buying (court ruling in its favor, perhaps?) the time was ripe for this rally from...
