Looks like Indian stock market rally is fading: NSE India

The Indian stock market rally in 2012 caught many players by surprise. Towards the end of last year, India ranked as one of the worst performers in Asia, but in a few short weeks, everything had changed. The rally in NSE India from the 4531 low has already covered...

Learn how to use Elliott Wave Analysis

Welcome to the magical world of Elliott Wave Analysis. You have probably arrived here because you wish to learn more about Elliott Wave Principle and how to use it to improve your trading performance. Whether you are trading in the foreign exchange market (forex) or...

How to trade a head and shoulders chart formation

The Head and Shoulders formation in probably the best known formation among traders. This post looks at how to trade this chart pattern. First, when you seek to identify a formation as a head and shoulder top, you are trying to figure out a ‘reversal’ pattern. This is...

ORCL buys SUN

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

Love of gold

Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 followed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b)...