Author Archive for Ramki
Over 25 years of market experience that I would like to share with you through these pages. Check out the various links and see what interests you. Come back regularly for more. Tell your friends. Enjoy!
Elliott Wave Analysis of Gold 29 Aug 2010
When I presented my wave analysis of Gold on 25th July, we were looking for a rally from around 1157 because a 5-wave decline seemed over. I also warned to wait for the selling to start before joining in. During the month that has passed, Gold has rallied as expected, but the rally is taking [...]
Elliott Wave Analysis of EUR/USD 19Aug2010
Elliott wave analysis requires the trader to have an open mind about what could happen. The wave principle is capable of giving you a road map. You follow the signs until you run into an obstacle, at which time you will be presented with another map. Unfortunately, most traders start with good intentions, but decide [...]
Medium Term Elliott Wave Analysis of EUR/USD
Long time followers of my Elliott Wave analysis know that I propose an idea, and then follow it faithfully until proved wrong. The value of this approach is it allows us to take low-risk positions, while always remembering that we could be wrong. It has been my view that the long-term target for the EUR/USD lies [...]
Elliott Wave Analysis of India’s Sensex
Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development of a 5th wave that could take us to 18550. The high so far has [...]
Elliott Wave Analysis of GBP/USD 8Aug2010
Are we going to see a test of 1.6170 directly? and If we do get there, will we get a 10-big figure decline from there? These are some of the questions that the Wavetimes watcher must be having. Elliott Wave Analysis of GBP/USD suggests that so long we we stay above 1.5915 now, there is [...]
Medium Term update on GBPUSD
I have no problem discarding a wave count that has served us so well since March of 2009. Likewise, the count I am presenting here will also have a life-span. Once its time comes, we will have to let it go too. The most important consideration is whether the waves are consistent with the underlying [...]
Elliott Wave Analysis of GBP/USD 1 Aug 2010
In my recent Elliott wave analysis of GBP/USD, I had suggested that 1.5655 is an important level, and if we fail there and come below 1.5530, perhaps we can kiss the Sterling Bulls a fond goodbye. But the love story is far from over, it looks. Goldman Sachs has put out a note (published in [...]
Sterling Pound Elliott Wave Analysis 29 July 2010
The market is a great teacher. One has to take victories with the humility that next time one could be terribly wrong. Have we nailed the Sterling correctly yet again? Perhaps. But we will never know until the rest of the market is convinced. Right now the top has held quite nicely. But remember that [...]
GBP/USD Elliott Wave Analysis 28 July 2010
The Medium Term Elliott Wave Analysis of GBP/USD posted here on 11th May (when Sterling was trading at 1.4836) suggested that we will first dip to 1.4226 and then rally to around 1.5500. The actual low was 1.4230 and today we are trading at 1.5590 levels. A couple of days I had prepared the chart [...]
Gold :Medium Term Elliott Wave Analysis 25 July 2010
Elliott Wave analysis of Gold as discussed here on 23 December 2009 had warned us to look for one final upmove once the complex correction from the prior peak at 1226 was completed. We got the move that reached 1265 on 21st June 2010. I would now like to suggest that Gold has probably completed [...]
EUR/USD Elliott Wave Analysis 18 July 2010
My last Elliott Wave analysis of EUR/USD was posted on 24th May. When dealing with the bigger picture, I find it generally useful to leave the markets to sort out the minor squiggles by itself. For the corporate treasurer and hedge fund manager as well as other medium term players, the bigger direction is more [...]
Crude Oil – Elliott Wave Analysis 14 July 2010
When dealing with financial markets, you should always be ready to change your mind about the framework on which you are basing your analysis. If everything was laid out cut and dried, there won’t be a market because everyone would know what is going to happen. Take the case of crude oil. In my Elliott [...]
Elliott Wave Analysis of Crude Oil 6 July 2010
I will be addressing the Reuters Global Oil Forum this morning at 8.45 London time, and presenting my Elliott Wave Analysis of Crude oil. As many of you won’t have access to that platform, I am posting the charts here. These were prepared late yesterday evening (when oil was trading at 72.36). My baseline case remains [...]
Elliott Wave Analysis of Shanghai Composite Index 30June2010
Exactly a month ago, Bloomberg Businessweek reported that Elliott Wave International Inc was suggesting that the ‘correction’ in Chinese stocks may be nearing its end. I had immediately published my own analysis, suggesting the index will go lower by atleast 10% (to around 2360). Today’s low was 2382. But wait. Today, Businessweek has published yet another story. The lead line [...]
Elliott Wave Analysis of BP 27May 2010
Just a few weeks ago, when analysts were saying that BP’s down move to around 575 was overdone, and it will recover to 730 we discussed the stock from an Elliott Wave perspective and suggested we will see 310 (perhaps before I returned from vacation on 23rd June). We have reached that target a couple [...]