Elliott Wave Analysis of SABIC (Saudi Arabia)

There are few other approaches to the financial markets that serve us better than Elliott Wave Analysis. As I have said so often, an extended 5th wave can make us rich. Take SABIC for example. Just as recently as 12th May I had warned of a sell off to 75. At that time the SABIC was trading at 103 plus levels. By 25th May, the stock had already moved down by over 25% to test 76.75. The recovery since then has been strong, but I am not convinced that we are finished with the selling. Stay on the sidelines until we reach at least 66. Good luck. Ramki

P.S. I am on holidays for 3 weeks starting 2nd June – R