Elliott Wave Analysis of Spain’s IBEX 35 Index Spain's IBEX 35 Add comments Mar 222012 Read Ramki’s Elliott Wave Analysis of Spain’s IBEX 35 Index on MarketWatch, a Wall Street Journal publication. Tweet Share this:FacebookGoogleEmailDiggStumbleUponRedditTumblrPocketPinterestLinkedInPrint 12 Responses to “Elliott Wave Analysis of Spain’s IBEX 35 Index” PatternSolver says: March 22, 2012 at 9:52 am Dear Ramki, After the Low is formed around those levels, are the targets of the Huge rally anywhere close to 11450 ? Reply Ramki says: March 22, 2012 at 1:12 pm Hi Patternsolver, let’s take this one step at a time. We still have some distance to go on the downside! But when the move gets underway, we will look for wave (C) to equal Av (A) Reply Jordi says: March 22, 2012 at 10:58 am Thank you Mr. Ramki to forecast our Ibex. So after this expected correction, do you think Ibex will go to new highs? Reply Ramki says: March 22, 2012 at 12:32 pm Hi Jordi, I do expect the rally to exceed the top of wave (A) Reply Antonio says: March 22, 2012 at 2:57 pm Hi Mr Ramki, Thank you very much for having a look at our Ibex! Regarding wave 4 green in the second chart, there is a peak at around 9370 which is 50% retracement, and I would have thought that this was the end of wave 4… Could you have known in advance that that was not the end of wave 4 green? As I find corrections quite difficult, if you had a minute, you don´t know how much I would appreciate your view in EUR/YEN and EUR/GBP, which are in a corrective phase… I think! Thanks very much for your help, best regards! Reply Ramki says: March 22, 2012 at 10:12 pm Hi Antonio, thanks for your comments. Yes initially the 50% lvl for green wave 4 is where i too would have thought of going short, and it would have been profitable. But it has turned back up from a higher low, and so we go for this triangle. Complex corrections are hard even for me, so don’t worry. We should use Elliott to spot low risk trades, not to make predictions about he future. If I predict something it is just to give ou a framework to think around. My book also has this philosophy. Good luck. Oh it takes a lot of time to carefully analyze a chart. Will try these crosses one day. Reply Mark says: March 24, 2012 at 1:36 am Hi Ramki, Can you also post your analysis and view points on AEX (Netherlands Stock Index) ? Thanks in advance. Reply Ramki says: March 24, 2012 at 7:49 am Hello Mark, This is getting interesting! Will take a look next week. Cheers. Reply Lumir says: March 26, 2012 at 2:05 am Hello Ramki, could you please kindly update your Natural gas Nymex analysis. TIA Lumir Reply Antonio says: March 26, 2012 at 4:26 am Hi Mr Ramki, my question is not about your charts, that are always smiling and clear, is about something I have found in a chart I´m working on. I know by you and your book that the rule is wave 4 cannot overlap the top of wave 1, but could wave 4 even touch slightly the top of wave 1 in a spike or a brief movement, or should we find another count? Thank you very much for your time and comments that are, as always, are invaluable! Antonio Reply Ramki says: March 26, 2012 at 5:31 am Hi Antonio, It boils down to a quetion of judgement. If the spike was a wrong quote, or something which happened because of a computer glitch, and perhaps only one or two trades happened there, then you can ignore the whole spike, let alone the overlap! When in doubt, work on another count and see how it fits in with the big picture. As I never tire of repeating, no count is permanently correct while the movement is developing. We will know only after the move is over. How EWP helps is by pointing out a wrong count soon, enabling you to adjust your position before serious money is lost. But while a move is unfolding in the direction of your count, you can stick with it and enjoy the profits. Reply chauhan mufazal says: June 3, 2012 at 5:59 am hi ramki sir Ibex is melting its 5 of v of 5 is near to ending? may b as per my counts, your valuabal counts are needed, when u back from holyday, 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.