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ELliott Wave Analysis of Dubai Index 18 Jan 2010
Following an extended 3rd wave sell off, the index had recovered by 50% of that decline. However, I feel that this recovery was only part of a complex 4th wave. SO be patient while this 4th wave unfolds over an extended period of time. We will get the 5th wave much later, at which time [...]
India’s Sensex Update 4 Jan 2010
Two consecutive closes above the prior significant high means we should re-evaluate the wave counts and this has been done on the chart. The main suspect until this time is what I have labelled a 5th wave of the third wave. That looks like a 3-wave movement withthe 3rd leg measuring the same as the [...]
Elliott Wave Analysis of Dubai and Kuwait Stock Index
Here are the charts of Dubai Financial Market Index as well as Kuwait Stock Market Index. I prepared the analysis of Dubai Markets before the news as you can see from the date on top. Both charts are posted here just to illustrate the usefulness of elliott wave analysis of stock markets even if one [...]
Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice
Hello,
I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the other on AUD/USD.
As for India’s Sensex, I think we have seen a near term top. Use [...]
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