by Ramki | Apr 30, 2012 | US Stocks outlook
Is Bank of America (NYSE: BAC) a long-term buy? Let us consider this question from an Elliott Wave point of view. We start the analysis with a weekly chart of BAC. You can observe the prior steep sell off has finished with a five wave downmove, and importantly the...
by Ramki | Feb 14, 2012 | US Stocks outlook
I thought it might be a good idea to present Elliott Wave analysis of Verizon Communications as this stock has come to the attention of some investment managers, possibly because of roll out and quality of its FiOS fiber-optic product (in addition to the company’s...
by Ramki | Sep 4, 2011 | GBP
The Pound has finished a five wave move from 1.4235 to 1.6720. Hence, we will be looking for a correction that is bigger than either of the two corrections seen during the 5 wave upmove. All corrections tend to be in sets of three waves (or their combinations) As wave...
by Ramki | May 19, 2009 | S&P500
The S&P500 index can go back to the highs One of the hardest decisions a trader makes is to take a punt against the current trend. It is seldom profitable immediately, and he worries how far away the market will go before his view becomes the accepted thinking....
by Ramki | May 17, 2009 | India
This is a chart of Unitech Ltd, India Now that the Parliamentary elections are over in India, and a decisive mandate has been given to the Congress party and its allies to continue in power, most people expect the stock market to react positively. Let us take a look...
