Category Archives: US Indices

S&P 500 and Citi

Posted on November 11, 2008 by Ramki

If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index and the stock separately. Continue reading →

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SNP500 revisited

Posted on November 10, 2008 by Ramki

On November 3, a day before the US election, I wrote that the S&P index was still in a downtrend and we should use any recovery to the prior high of 1045 to get out of longs. I also suggested that should we reach 1136, we should turn short there. As it turned out, the high was only 1005. Continue reading →

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Nasdaq Top 100 index reviewed

Posted on November 9, 2008 by Ramki

A few days back (23 Oct. to be precise) I posted the chart of the Nasdaq top 100 index while referencing to Trader Mike’s post of a potential symmetrical triangle in the Nasdaq Composite index. I figured that it is time to take a look at that chart again Continue reading →

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What is the outlook for SNP500

Posted on November 3, 2008 by Ramki

What is the outlook for S&P500 once we get the US Presidential Election results? This is the question that most traders of US stocks and options have in their mind. Let me start with the assertion that we are still … Continue reading →

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Nasdaq’s trend is still down

Posted on October 23, 2008 by Ramki

I believe we will reach 1140 in the NASDAQ not too long from now. Not only is that level a 161.8% projection of Wave A computed from the top of Wave B, it also coincides with a projected target for the 5th wave of the C wave Continue reading →

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The Gold Rush (for the exits)

Posted on October 23, 2008 by Ramki

A couple of days ago, I tempered my bearish view on Gold by presenting a 30-minute chart. The sideways movement appeared to me as the beginning stages of a complex correction. Unfortunately, while the correction was “complex” in text-book terms, it didn’t quite recover sufficiently to give us another chance to shout “sell”. Continue reading →

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Was that the stock market bottom?

Posted on October 11, 2008 by Ramki

All you have to do is to search in Google (< click here) and you will see a lot of people talking about market bottoms. Let me share with you a secret. If there is one single reason why I have … Continue reading →

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