This blog aims to teach traders how to use Elliott Wave analysis in their trading. A variety of markets are covered to demonstrate that the principle works just as well in any of them. Whether you are a short term trader, or a medium term investor, you will find that this approach will add considerable value to your bottom line. Everything in this blog is for free. Every chart presented was done with a forward looking approach. Wave Times is different because I make no pretense that I know it all. However, I do know that a trader can make sensible trading decisions by using these techniques. Go ahead, and check it out yourself. These comments reach a few thousand enthusiasts. If this is your first time here, welcome aboard.
Today, I present you with a quick chart of the Dubai Stock Index. I am giving you a clue. Because the 2 impulse waves are normal, the fifth wave could potentially become an extended wave. However, you should also relate the current impulse wave to the measure of the prior impulse wave to see if you can find some relationships. Go ahead, and test yourself.
Best of luck.
Elliott Wave analysis of Infosys Ltd tells us that we are currently in the C wave of a serious correction. Investors have already lost over 20% in just one day! There is more to come. However, we are approaching some short term supports, and those who have deep pockets can consider a very quick counter trend trade at the 50% retracement level.
But as always, keep your stops not too far away A safer trade will be to wait for the 61.8% level of 1975. Good luck.
P.S. This went out to members of the exclusive club earlier. One of our recent trades in the Indian market has yielded a profit of 23% already.
When a reader requested for me to take a look at CLF, I almost responded with my standard reply that I receive too many such requests, and hence express my regrets. However, this time I hesitated, probably because the writer was from Argentina, and his name was ‘German’ But surprise, when I finally got to check out the stock, it was already up by over 12% from its resent lows. My Bloomberg screen showed a related news from “Insider Monkey” which stated that billionaire Steve Cohen’s SAC Capital Advisors increased its holdings of Cliffs by 11% during Q4 of 2012. I then decided that I should spend some time doing a careful study of this stock, and share it with the world-wide readers of WaveTimes. The comments are all on the charts. Read them in the same sequence as they appear here, and form your views. Good luck. Ramki
Hello! Why on earth would someone look at the Macedonian stock index! You would, if you had friends there! Here is the elliott wave analysis of the Macedonian Stock Index, just so that you could glean a point or two! Enjoy.
I am posting this around 1.30 pm EST on 3rd April. The S&P500 index is straddling the bottom of a diagonal triangle, and a break seems imminent. What you can learn from the chart below is how the internal waves are all so related to each other, and have followed the Elliott Wave rules. Enjoy.