Category Archives: US Stocks outlook

Has QQQQ posted a major bottom?

Posted on November 25, 2008 by Ramki

You must be wondering whether the QQQQ has posted a major bottom at $25.05. This post will help you make that decision. Users of Elliot wave principle are presented with some of their greatest difficulties when trying to determine whether a major trend has ended. Continue reading →

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Fifth wave extensions can make you rich!

Posted on November 20, 2008 by Ramki

The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts. Continue reading →

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HP’s turnaround looks good- but beware of resistance above!

Posted on November 19, 2008 by Ramki

Thanks to some tough cost-cutting measures implemented by CEO Mark Hurd, Hewlett-Packard Company (NYSE:HPQ) is in a position to give out strong 4Q outlook. This has sent the stock price sharply higher yesterday, up over 14%. I invite you to take a look at the accompanying chart. Continue reading →

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Yet another look at Citi

Posted on November 18, 2008 by Ramki

With the stock tantalizingly below $9, many people have expressed an interest to see if there is any change in the outlook. So here is a fresh chart which suggests that perhaps we might find some support around $7.20 Continue reading →

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Is Google in Wave 5?

Posted on November 17, 2008 by Ramki

The objective of every investor is to buy as early as possible at the beginning of every new, major up move. Establishing a target for Wave 5, then, is the most important aspect of Elliot’s Wave Principle. I have presented you with a chart of Google (Nasdaq:GOOG) Continue reading →

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Should we exit Citi?

Posted on November 14, 2008 by Ramki

Two closes below the wedge is certainly not good news. I am loath to push my luck when the trade doesn’t go as expected. There are countelss opportunities in the market, and the one main goal for any trader should be to preserve his/her capital to be able to trade again. So I am going to get out of my Citi position at a small loss today Continue reading →

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Citi at critical levels

Posted on November 13, 2008 by Ramki

Well folks, you all know that I have been working on the paradigm of a diagonal triangle, and provided for a throw-over at the end of the 5th leg of the pattern. Continue reading →

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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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