Ramki’s Elliott Wave update on Google Inc appears on Forbes today 20 March 2012
- Elliott Waves
- Elliott Waves Explained
- Elliott Wave Magic Illustrated with Wave Charts
- Elliott Wave Edge – How Elliott Wave Traders Win
- Fibonacci Number Series and Elliott Waves
- How to use Fibonacci Ratio Retracements
- Elliott Wave Books
- Ramki’s Watchlist
Elliott Wave update on Google Inc
By Ramki9 Comments1 Min Read
Previous ArticleHow to trade Apple in light of the dividend news?
What do you think of this scenario for GOOG on the weekly ?
Wave 1 from 247.30 to 629.51
Wave 2 retracing to 433.63
Wave 3 starting as a leading diagonal with 5-3-5-3-5 subwaves
Let me know if I have broken any guidelines. Thanks.
Thanks for updates on Google!
Diagonal triangle pattern you mentioned is clearly visible only when we look at monthly or weekly charts. Do you think we should be analyzing multiple time frames to make sure that we know the BIG picture and also the short term view.
Hi Ram, Having the big pic before us is always helpful. But bear in mind any formation could change shape and lead to a different interpretation later on. The markets are dynamic in nature. Elliott Waves give you a certain systematic way to approach chaos.
Thanks for sharing your insights. What software/subscription service do you use to analyze the stock timeseries that gives such nice Fibonacci ratio analysis functionality?
I just bought your book – look forward to read it.
Some traders say that ‘never trade a triangle’ since you never know what kind of wave pattern it would form and its very difficult to predict. So better enter trades once we know we are out of triangle. What is your view, Do you trade triangles ?
A trinagle is confirmed when the formation is complete, quite like a head and shoulders formation. HOwever, if you choose your entry level carefully, just about any technical signal is tradeable.
Hello Frank, Thanks for your comment, and welcome to the WaveTimes club. I use Reuters service, and I believe there is a non-professional version too.
I am half way through your book and it is amazingly well-written. Its like sitting with you on a dinner table and having a delightful conversation.
Great writing style, wit and very clear explanations.
If you were a professor at a university, and I was a student in your course, I’d be honored to nominate you for an “excellence in teaching award”.
Thanks so much for sharing your knowledge!
When you get a chance, it would be great to get your opinion on $silver vis-a-vis EWT….
Hi Frank, I am glad you like the book and thank you for the kind words. As I am writing on so many different markets, sometimes it takes a few days before I come back to your favorite…regards