Apr 232015
 

‘Mng folks,

Tomorrow Friday 24 Apil, 2015, at 2 pm India Time, I will be taking questions from the public at Moneycontrol.com website. See you there!

Please click on the Moneycontrol link above for the transcript!

Meanwhile, the link for the CNBC interview appears in the previous post.

Best wishes
Ramki

Apr 162015
 

Hi Folks,

I am in India on a brief holiday. Tomorrow, Friday April 17, 2015, at 10 am IST, I will be appearing live on CNBC TV18 to answer questions about the Indian markets. I understand that the program will also be available on line for a few days, should you miss watching it in real time. (Here is the link: http://tinyurl.com/lt95bv4 )

In a few days from now, I will be back in Mumbai for 2 days to participate in the ATMA Conclave. There will be a one-hour presentation on the first day where I will try and clear up some of the misconceptions about Elliott Waves. On day 2, there will be a round-table discussion about Elliott Waves as well.

Lastly, I wonder if you are aware that my second book is available at Amazon. Many of you might get some clues about the current market levels as some of the charts in it are just a few days old!

With best wishes

Ramki

Apr 072015
 

I am going to be in Mumbai on the 1st and 2nd of May, 2015 to participate in the prestigious ATMA India Conclave. There are several other well-known technical analysts and market specialists sharing their unique perspectives with the audience. You too can join us there on those days.

The topic for my presentation is “Elliott Waves – The Myth and Reality
Look forward to seeing some of you there!

Apr 032015
 

The greatest gift of life is friendship, and I have received it from readers of this blog. When I wrote my first book, Five Waves to Financial Freedom, I merely wanted to leave my mark in the literature concerning Elliott Waves. But the enthusiasm with which you all received that book was beyond my wildest dreams. You made me realize that I had friends everywhere; complete strangers were writing me their thanks and how the book changed their lives. I can’t say how touched I am with your affection.Thank you, one and all.

There were many calls for a second book; some suggested I can bring out frequent booklets. But for me the goal was never the money that the book will bring. If I were to write again, it had to cater to a different set of people, while at the same time proving to be a useful refresher to my old friends from the first book. When my second child also graduated from college, I looked back and wondered if I could have done something better with my skills. I realized that one could have used Elliott Waves just as effectively in building a retirement nest egg, or for funding the kids’ college education. From that thought sprang the second book that is now available at Amazon.com.

Dividend Growth Investing has long been considered a passive but positive way of achieving one’s financial security. I have explained in this book how you could make it a more interesting and rewarding pursuit, using Elliott Waves. I hope you will like the simple writing style and numerous real life examples. Whether you are young or old, there is no time like now to get started on investing for dividend income. And DGIEW will make a difference in the lives of anyone who chooses to embrace the ideas developed in it. As always, I value your feedback, and if you are active in the social media, please let all your friends know of this book. Along with me, you will also be contributing to their well being.

Thank you once again for your friendship.

Jan 312014
 

There have been a few requests for publishing a record of the trades that the members of the Exclusive Club shared. The following is the complete list of the trades closed in January 2014. As you can see, I am very selective about the trades. The aim is to become rich slowly! WaveTimes is used by members as a supplement to their normal investment and trading activity. And because we are willing to be patient, we are successful most of the time. In January 2014 it was a 100% success rate.

Here is the link: http://tinyurl.com/WTJan2014

Jan 282014
 

You would have heard about the disappointing news from Apple. Wonder what Elliott Waves tell us about the extent of possible downmove? Take a look at the chart below. In after hours trading on Monday, the stock was already around $506. There is some mild support around 503, but think the correction of the sell off will probably come from around 497. Later on, though, we will see the decline continue to around 485. You may wonder why I have chosen to label the just completed rally as a C wave and not a 3rd wave. As you probably know (especially if you are a member of the exclusive club), our goal is to make money from the markets using Elliott Waves. Hence, I am flexible with the wave counts. However, take a look at wave B. If that was wave 2, it is a deep correction. So wave 4 should be a shallow correction, finishing near 503 and rallying again. This could still happen, but I doubt it. Too many people have been hurt by this surprise, and in any case, the broader market is looking decidedly cagey. Will investors pile on to snap up Apple stocks at 503? They will do so only if they think this latest earnings report is a one-off bad number. But many people will begin to suspect that the future is more uncertain than what they imagined last week! And that is only going to pressure the stock in the near term.

Dec 312013
 

As 2013 bows out and we welcome another New Year, I present you with some of the interesting stuff we looked at in the Exclusive Club in recent months. You might recall that I have already published some trades that went wrong. There is honesty, transparency and fair play in everything that we do. These charts below are just samples, by the way. In the real trades, I have shared as many as 36 charts in a recently closed NIFTY trade. We had our minor setbacks interspersed with trades that performed really well. If one uses Elliott Waves effectively, there are terrific rewards to be had. I usually tend to err on the side of caution, but those who got in at the levels I recommended for many asset classes and stuck with the original stops have had a fantastic run. Trading is all about taking a series of risks where the winning trades give you a very big cushion to handle the losing trades. Let us all look forward to a rewarding 2014, and I wish each and every one of you the very best of luck.

*Crompton Greaves (28 Nov 2013)*

“We are probably going to find some resistance between 129.40 and 130.80 and come off to between 117.80 and 121. The target is around 138.00. So we will look to buy the next dip.”

 

 

 

 

 

 

 

 

 

 

*Nike ( 8 October 2013)*

“Now this is what I am planning to do. Buy some near 70.50 and be willing to add at 69.00. Stops at 68.45, or risking $1.30. The minimum target is a retest of the recent highs above $75 so we will get a risk-reward trade off of at least 4 to 1.”

 

 

 

 

 

 

 

 

 

*Crude Oil ( 25 Nov 2013)*

The idea was to buy at 91.60 and the low was 91.77 from where it went all the way to above $100.”

 

 

 

 

 

 

 

 

 

 

 

 

*Launch of consulting service*

In addition to this free blog that aims to teach you how to use Elliott Waves, what many have come to know as the ‘living book’ that supplements ‘Five Waves to Financial Freedom’, I have been running the wavetimes.net website where members receive some of my low-risk trading ideas. However, there have been numerous requests for help with stocks and commodities that I don’t include in that website. I am delighted to say that these traders can now spend a full hour talking to me where we can go over up to two specific trades of their choice in detail. Check out this link: www.wavetimes.net/consulting

May 022013
 

The stock market provides ample opportunities to make money. All you need to do is to stay alert, and have a watch list of stocks that you wish to be involved in. Typically, these stocks should be well traded, i.e. there should be wide participation in order for Elliott Waves to work. In my Premium Service, we only look at well traded stocks. However, the technique works well in most traded instruments. In today’s example, I will show you two charts of Burnpur Cements. I really dont know if this is a well traded stock, but when I was scrolling down the Indian Stocks alphabetically, and managed to reach “B”, this stock looked interesting. So I did some quick analysis and thought of sharing with you. You can see that I haven’t done the extensive analysis that usually goes in to my recommendations. This example is only to show you what is possible if you remain alert, meaning you should not quickly run to the market to buy this stock without doing a full analysis. Elliott Waves works wonderfully well in the stock markets too. However, don’t be fooled into thinking that all you need to know is how to compute a few Fibonacci ratios and extensions. Elliott Waves is more than that. I normally use Fibonacci relationships to confirm my wave count and to compute targets (not the other way around!). With best wishes