Jun 242015
 

The following interview was aired by CNBC TV18 on 11 June 2015. At that time, the Nifty index of India was trading well below the 8000 level. Watch it and see the power of Elliott Wave analysis.
Today, the index tested a high of 8421. Will it go down to 7700? That depends on a fresh analysis of the index, but anyone who sold at 8420 levels would have already made enough money intraday to celebrate as the index plunged to 8339 in under two hours.

(The interview’s link appears in the prior post as well. Hence I removed the link here)

Nifty dives from 8421

Nifty dives from 8421

Jun 112015
 

Hello folks,

CNBC India reached out to discuss the outlook for Nifty, Tata Motors, ICICI and SBI. Here is the link for that:
http://www.moneycontrol.com/news/market-outlook/exit-longs-till-nifty-hits-8400-wavetimescoms-ramki_1405518.html

Trading is all about listening to the clues that the market sends us, and taking appropriate action. A few weeks ago, when I was in NYC, I had mentioned that we will likely get a bounce from 8080 or 100 points below that. We did get a recovery, but the personality of that recovery clearly indicated that it was not the real thing. The next level where I might get interested in discussed in the video you see in the link. Good luck.

Apr 232015
 

‘Mng folks,

Tomorrow Friday 24 Apil, 2015, at 2 pm India Time, I will be taking questions from the public at Moneycontrol.com website. See you there!

Please click on the Moneycontrol link above for the transcript!

Meanwhile, the link for the CNBC interview appears in the previous post.

Best wishes
Ramki

Apr 162015
 

Hi Folks,

I am in India on a brief holiday. Tomorrow, Friday April 17, 2015, at 10 am IST, I will be appearing live on CNBC TV18 to answer questions about the Indian markets. I understand that the program will also be available on line for a few days, should you miss watching it in real time. (Here is the link: http://tinyurl.com/lt95bv4 )

In a few days from now, I will be back in Mumbai for 2 days to participate in the ATMA Conclave. There will be a one-hour presentation on the first day where I will try and clear up some of the misconceptions about Elliott Waves. On day 2, there will be a round-table discussion about Elliott Waves as well.

Lastly, I wonder if you are aware that my second book is available at Amazon. Many of you might get some clues about the current market levels as some of the charts in it are just a few days old!

With best wishes

Ramki

Apr 072015
 

I am going to be in Mumbai on the 1st and 2nd of May, 2015 to participate in the prestigious ATMA India Conclave. There are several other well-known technical analysts and market specialists sharing their unique perspectives with the audience. You too can join us there on those days.

The topic for my presentation is “Elliott Waves – The Myth and Reality
Look forward to seeing some of you there!

Apr 032015
 

The greatest gift of life is friendship, and I have received it from readers of this blog. When I wrote my first book, Five Waves to Financial Freedom, I merely wanted to leave my mark in the literature concerning Elliott Waves. But the enthusiasm with which you all received that book was beyond my wildest dreams. You made me realize that I had friends everywhere; complete strangers were writing me their thanks and how the book changed their lives. I can’t say how touched I am with your affection.Thank you, one and all.

There were many calls for a second book; some suggested I can bring out frequent booklets. But for me the goal was never the money that the book will bring. If I were to write again, it had to cater to a different set of people, while at the same time proving to be a useful refresher to my old friends from the first book. When my second child also graduated from college, I looked back and wondered if I could have done something better with my skills. I realized that one could have used Elliott Waves just as effectively in building a retirement nest egg, or for funding the kids’ college education. From that thought sprang the second book that is now available at Amazon.com.

Dividend Growth Investing has long been considered a passive but positive way of achieving one’s financial security. I have explained in this book how you could make it a more interesting and rewarding pursuit, using Elliott Waves. I hope you will like the simple writing style and numerous real life examples. Whether you are young or old, there is no time like now to get started on investing for dividend income. And DGIEW will make a difference in the lives of anyone who chooses to embrace the ideas developed in it. As always, I value your feedback, and if you are active in the social media, please let all your friends know of this book. Along with me, you will also be contributing to their well being.

Thank you once again for your friendship.

Mar 202015
 

Elliott Wave analysis of USDYEN or JPY has not figured on WaveTmes for a long time. In fact, I haven’t published any currency analysis for a while. That is not to say I haven’t been looking at it. Treasurers of large corporations and hedge fund managers have been in regular touch. I present you with a bunch of charts on USDYEN which you can use as part of your learning. This blog exists to help you get better at interpreting the waves, and also as a living book, a valuable resource that compliments my Elliott Wave Book, Five Waves to Financial Freedom. I suggest that you open each Elliott Wave chart on a new tab! Enjoy.

JPY1

JPY2

JPY3

JPY4

JPY5

JPY6

JPY7

JPY8

JPY9

JPY10

JPY11

JPY12

JPY13

Mar 202015
 

It is two months since I posted something, and I looked up the Polaris chart. Well, we certainly have reason to smile. Here are two charts. The first chart was posted here on 23 Jan and the second chart shows that Polaris did indeed come down quite close to the lower target mentioned, a move of over 16% from the time we discussed this stock. Enjoy.

Elliott Wave analysis of Polaris

Elliott Wave analysis of Polaris

And now we see that Elliott Wave analysis of Polaris did not let us down.
Elliott Wave analysis on Polaris proved effective

Jan 232015
 

(Please read important update at the end of this post)

Ever so often, Elliott Waves helps the investor from making mistakes. For example, when I read the news that Rakesh Jhunjhunwala, the ace investor,had increased his position in Polaris, I decided to see what Elliott Waves had to say. Sure enough, it warned against following the Badshah this time.

Many investors don’t even read the news fully. Here are the headlines, and the final paragraph from the Economic Times.

Polaris rallies after news that Mr Jhunjhunwala upped his stake

Polaris rallies after news that Mr Jhunjhunwala upped his stake


The additional investment was made in Q3 of 2014

The additional investment was made in Q3 of 2014

Maybe I am reading this news all wrong, and he actually made fresh investments just the previous day! But it was essential to see what Elliott Wave analysis would say. Here are a couple of charts.

Polaris Consulting completed a 5-wave rally

Polaris Consulting completed a 5-wave rally


As you can see from the Elliott Wave chart above, Polaris Consulting has already completed a five wave rally near the highs, and the fifth wave was 38.2% of the distance from point ‘0’ to point ‘3’. Many of you are familiar with this approach to anticipating where a fifth wave will end. I have also explained this in detail in my Elliott Wave book, ‘Five Waves to Financial Freedom“.

The next Elliott Wave chart shows how the correction is unfolding. As you know, once a five wave upmove is completed, we will get a three wave correction. And the most powerful of the three waves down will be the ‘C’ Wave. It is clear that Polaris is in the middle of such a ‘C’ wave.

Polaris Consulting in C Wave

Polaris Consulting in C Wave

It is also useful to look at some Fibonacci retracements as shown in the next Elliott Wave chart. You can see that Polaris had paused briefly at a couple of prior Fibonacci retracement levels on the way down, but clearly, it shouldn’t appeal to any Elliott Wave trader to be blindly following the Polaris News.

Fibonacci Retracements in Polaris Consulting

Fibonacci Retracements in Polaris Consulting

IMPORTANT UPDATE:23 Jan 2014: I have heard back from some WaveTimes members that I have not taken into account the fact that Polaris has demerged with “Intellect Design Arena”, and that stock has its own value, and hence it is incorrect to say that investors in Polaris who purchased the stock in the last two days have made a mistake. I am indeed guilty of not knowing this development. However, I did take care to check if there was any news about Polaris that caused it to reverse exactly one day after the news I referred to above. There wasn’t! This merger has been in the news much earlier. The stock has simply adjusted lower today. This should give us pause to think about a company that has a stock split.The chart of a stock that has been split is immediately adjusted historically. But in the case of a demerger, where a portion of the company is separated, how do we treat that stock? What is the value of the demerged entity 1 year ago, 2 years ago? If you know the answer, please post in the comments area.