Elliott Wave update on Google Inc US Stocks outlook Add comments Mar 202012 Ramki’s Elliott Wave update on Google Inc appears on Forbes today 20 March 2012 Tweet Share this:FacebookGoogleEmailStumbleUponRedditTumblrPocketPinterestLinkedInPrint 9 Responses to “Elliott Wave update on Google Inc” sc110786 says: March 20, 2012 at 4:57 pm Hello Ramki, What do you think of this scenario for GOOG on the weekly ? Wave 1 from 247.30 to 629.51 Wave 2 retracing to 433.63 Wave 3 starting as a leading diagonal with 5-3-5-3-5 subwaves Let me know if I have broken any guidelines. Thanks. Reply ram says: March 20, 2012 at 9:50 pm Hi Ramki, Thanks for updates on Google! Diagonal triangle pattern you mentioned is clearly visible only when we look at monthly or weekly charts. Do you think we should be analyzing multiple time frames to make sure that we know the BIG picture and also the short term view. Thx. Reply Ramki says: March 20, 2012 at 10:00 pm Hi Ram, Having the big pic before us is always helpful. But bear in mind any formation could change shape and lead to a different interpretation later on. The markets are dynamic in nature. Elliott Waves give you a certain systematic way to approach chaos. Reply Frank says: March 21, 2012 at 12:05 am Dear Ramki, Thanks for sharing your insights. What software/subscription service do you use to analyze the stock timeseries that gives such nice Fibonacci ratio analysis functionality? I just bought your book – look forward to read it. Thanks! Frank Reply ram says: March 20, 2012 at 10:04 pm Hi Ramki, Some traders say that ‘never trade a triangle’ since you never know what kind of wave pattern it would form and its very difficult to predict. So better enter trades once we know we are out of triangle. What is your view, Do you trade triangles ? Thx. Reply Ramki says: March 21, 2012 at 2:49 am Ram, A trinagle is confirmed when the formation is complete, quite like a head and shoulders formation. HOwever, if you choose your entry level carefully, just about any technical signal is tradeable. Reply Ramki says: March 21, 2012 at 2:52 am Hello Frank, Thanks for your comment, and welcome to the WaveTimes club. I use Reuters service, and I believe there is a non-professional version too. Reply Frank says: March 21, 2012 at 10:44 pm Dear Ramki, I am half way through your book and it is amazingly well-written. Its like sitting with you on a dinner table and having a delightful conversation. Great writing style, wit and very clear explanations. If you were a professor at a university, and I was a student in your course, I’d be honored to nominate you for an “excellence in teaching award”. Thanks so much for sharing your knowledge! When you get a chance, it would be great to get your opinion on $silver vis-a-vis EWT…. Thanks! Frank Reply Ramki says: March 22, 2012 at 12:39 am Hi Frank, I am glad you like the book and thank you for the kind words. As I am writing on so many different markets, sometimes it takes a few days before I come back to your favorite…regards 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.