Aug 162009
 

Anyone who has been investing in Kuwait would have heard of the travails of Gulf Bank in recent times. Perhaps one should view the moves after it started trading again in April 2009 as a new stock. The attached chart gives you an elliott wave analysis persperctive of Gulf Bank. The bottom line is this: even if the wave count is wrong, there is more risk to the downside. So position accordingly. gulf 1
gulf 2
gulf 3

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