Elliott Wave Analysis of S&P500 Add comments The following chart illustrates the Elliott Wave Analysis of S&P500 index presented by Ramki Ramakrishnan in his Forbes column on 27 August 2012. Elliott Wave Analysis of SnP500 index Tweet Share this:FacebookGoogleEmailDiggStumbleUponRedditTumblrPocketPinterestLinkedInPrint 3 Responses to “Elliott Wave Analysis of S&P500” Elliott Waves Warn Of Big Tumble Ahead For Stocks - Forbes says: August 27, 2012 at 8:11 am [...] Accordingly, if we see a dip to just below 1400 and then a rally higher to say 1435 -1450, we should get ready for a break below the support line of the wedge. All the above is illustarted in the chart posted in my other blog WaveTimes. [...] Sargon Zia says: August 27, 2012 at 10:16 pm Greetings Mr. Ramakrishnan, I appreciate and respect your insights to wave theory. I enjoyed reading your book (5-waves…) and learned a great deal, even after several years of study of wave theory. One point troubles me about the recent wave count describing an expanding flat. My understanding is that wave-A in a flat, regular or irregular, always has three subwaves, not five. That is, a flat is always 3-3-5. Yet the count in wave-A appears to fit a 5-wave impulse. Can you please comment on that? Much thanks. Sargon Zia Reply Ramki Ramakrishnan says: August 28, 2012 at 2:31 am Hi Sargon, Thank you for writing and I am glad you asked that question. If you look at my prior post on Forbes, I too had labelled that as wave A with 5 sub waves. But I changed my mind somewhere in between, and actually posted a chart on this blog (pulled it off later) saying that it will appear in my next book. There I said the wave A is probably a 3 wave downmove, and therefore I will look for a retest of the highs. Remember that the right way to use EWP is not to showcase one is right about counting, but to profit from it. This approach allows one to change his count without vioalting the overall view. Good luck. Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.