Sep 052011

You might be inclined to pass up on reading this post because Agility is not a stock you are even remotely interested in! But there is a lesson here for every Elliott Wave enthusiast. So take the couple of minutes and quickly see what the charts show you.

After a precipitous decline from over 3000, the stock is finally in what appears to be a fifth wave within a fifth. Already we have seen the third wave extend in the bigger picture. And within the fifth wave also, there is an extending third. So I am hoping that the pain investors in Agility are experiencing is in its final throes. I have quoted Samuel Taylor Coleridge! Sometimes you get these flashes of old memories! I read ST Coleridge for my English Literature Major some 30 years ago!! And all of a sudden, his words can be put into proper context here, in Wave Time. Enjoy! – Ramki

Jul 182011

Its been a long time since I looked at Kuwaiti stocks, and just yesterday the index has fallen to a new seven-year low! As most players in this market know, Zain and NBK are considered as bellwether stocks. Kuwait Finance House, or KFH, is another popular stock that many people own.

Elliott Wave Analysis of these three Kuwait stocks, KFH, NBK and Zain are presented here for my friends in Kuwait.

May 042010

From an Elliott Wave perspective,  the outlook for Zain hasn’t changed much since I updated last.  After correcting the prior 5-wave rally, the stock has taken off nicely like a 3rd wave should, ie on good volume and at a brisk pace. Some investors are worried because of the recent sideways movement. While it is certainly possible for a brief set back, I expect fresh buying to emerge on any decent correction. When the broad market starts moving up, Zain should be among the leaders.

Apr 062010

It has been quite a while since I posted technical comments on Kuwait stocks. So here are some charts that may be of interest to some of you. (Even if you don’t have any interest in Kuwait, you should look at the these charts because they give you additional practice of how one can read the Waves!) I am not going to elaborate on what is already on the charts. Think the comments are quite self-explanatory. The first 4 charts are of  KGL (Kuwait & Gulf Link Transport Co) and the last one is of Boubyan Bank Kuwait.  Enjoy.

Dec 172009

NIG 17 Dec 2009National Industries Group stock has come down a lot in the last several months. But we can decipher a clear five wave movement having been completed at the lows. The first leg of a 3-wave correction has already been completed, and the second leg is probably already over, or very near completion. Thus, I am recommending being on the alert to buy this stock for a move back to 830 area. Additional comments are on the chart.