Nov 062015
 

This post contains Elliott Wave Analysis of Silver, using the continuous futures charts of Silver traded in the Multi Commodity Exchange of India.

I prepared these Elliott Wave charts for a client back in September 2015. This is not the entire pack, but most of it is here. Use these charts to learn! Don’t use them to trade the market at the current levels. Remember, Elliott Waves are only an aid to your trading. It is a very dynamic thing. If you like what you see here, tell your friends. Unlike wavetimes.net which is a paid service, this blog is entirely free. It exists solely to teach you some of my techniques. So go ahead and enjoy.I suggest that you right click on each image and open them in a different tabs.That way, you can go back and forth easily.

mcx silver-18Sep15a

mcx silver-18Sep15b

mcx silver-18Sep15c

mcx silver-18Sep15d

mcx silver-18Sep15e

mcx silver-18Sep15f

mcx silver-18Sep15g

mcx silver-18Sep15h

Nov 062015
 

I will post you a couple of charts that I prepared for my old friend Bob D (remember the person who gave me so much of his valuable time in proof reading your favorite book, Five Waves to Financial Freedom?)
With Elliott Waves, you should never struggle to count the waves. When it becomes hard, just step back and look at the bigger picture. The best trades are done when you are able to see the waves easily and clearly, while the rest of the world is stressing out about the next few points. You, on the other hand, having read and understood my way of approaching the market, would place your bids or offers near the anticipated targets and wait for the fruit to land on your lap! Of course, occasionally you will get a lemon, but often enough it will be a sweet fruit.

Here are the Elliott Wave charts of WalMart. The second chart shows the third wave in detail. As I point out, you really don’t need to go very deep! Just keep it simple. All the best.

The Fifth Wave of Wall Mart has met its initial target

The Fifth Wave of WalMart has met its initial target

Each impulse wave is made up of five sub waves

Sub waves inside the third wave of WalMart

Sep 052015
 

Elliott Wave analysis works in all freely traded markets. The last time I offered you my Elliott Wave analysis of Egypt’s equity index, EGX30, it was back in August 2012. You can access that blog post by looking at the menu at the top of WaveTimes, under ‘Equities, Index, Africa, Egypt’.
You will see how we identified that the Egyptian index was likely to make significant gains. At that time, the index was trading at 5049. A lot of water has since flown down the Nile, but the Egyptian stock market almost doubled. I am sure a lot of investors made handsome profits in individual stocks.
However, the inevitable Elliott Wave correction set in once the five wave cycle was completed. If you had read my book Elliott Wave book “Five Waves to Financial Freedom’ you will be able to spot how so many of the observations there has played out in the Egyptian Stock Index or EGX30 index.

In the following Elliott Wave charts, I demonstrate some of the salient points. Remember that this blog exists as a resource for the student of Elliott Waves. Whether you are a professional trader, a casual investor or a serious student of Elliott Waves, the examples available here will fascinate you and help you better understand the nature of financial markets and how you could anticipate the market turns. So without any further ado, present you the charts of the Egyptian Stock market index and how Elliott Wave analysis was so powerful in its play.

Egypt's stock index traced an extended third wave

Egypt’s stock index traced an extended third wave


Observe how sub wave 5 inside the 3rd wave was equal to sub wave 1

Observe how sub wave 5 inside the 3rd wave was equal to sub wave 1

wave 4 was shallow and came between 23.6% and 38.2% of wave 3

wave 4 was shallow and came between 23.6% and 38.2% of wave 3

wave 5 was equal to wave 1

wave 5 was equal to wave 1

Once the 5 wave move ended, a huge correction started

Once the 5 wave move ended, a huge correction started

Now that you have seen how Elliott Waves work, go back to FWTFF and try and see if you could figure out the likely ending point of the on going correction. Good luck.

Jul 102015
 

I have been seeing several queries on the blog asking if the move to 7700 (as discussed on CNBC) is still coming, now that we have rallied up in 5 waves. So let’s try and clear up the air a bit.

The real goal of any analysis is to make money. Some people, however, want to keep proving to themselves that Elliott Waves work ( or doesn’t work). Their goal is to keep producing accurate wave counts and are happy if they get it right. Some are delighted if they can spot an occasion where someone else has got it really wrong 🙂

Remember an important point folks. NO ONE CAN TELL THE FUTURE. What we are trying to do here, with Elliott Waves, is to provide ourselves with a framework to base our trades upon. Knowing we are going to recover from around the time I gave the interview is sufficient value to make money in itself. Knowing that 8420 was a key level is additional money in the bag. (I don’t read others’ analysis, but you probably know how many others anticipated 8420 as a key level).

So what about the expectation for 7700? Is that coming? The answer is something like the following. Elliott Wave analysis is about the only approach that allows you to adjust your market expectation as you get new clues. It is a dynamic approach. You cannot draw a few lines and expect the market to follow your command. Instead, you listen to it and make changes to what you should do next.

Members of my Exclusive Club did not receive any trade ideas on the Nifty during this period. Why is that? We should know which battles to take part and which one to side step. But we did make over 13% during the rally to 8420 in one stock. Actually it moved 20%, but as conservative traders, we were content with taking 13%.

Don’t forget that I also discussed Tata Motors in that interview!

NIfty 10Jul15

Jun 242015
 

The following interview was aired by CNBC TV18 on 11 June 2015. At that time, the Nifty index of India was trading well below the 8000 level. Watch it and see the power of Elliott Wave analysis.
Today, the index tested a high of 8421. Will it go down to 7700? That depends on a fresh analysis of the index, but anyone who sold at 8420 levels would have already made enough money intraday to celebrate as the index plunged to 8339 in under two hours.

(The interview’s link appears in the prior post as well. Hence I removed the link here)

Nifty dives from 8421

Nifty dives from 8421

Jun 112015
 

Hello folks,

CNBC India reached out to discuss the outlook for Nifty, Tata Motors, ICICI and SBI. Here is the link for that:
http://www.moneycontrol.com/news/market-outlook/exit-longs-till-nifty-hits-8400-wavetimescoms-ramki_1405518.html

Trading is all about listening to the clues that the market sends us, and taking appropriate action. A few weeks ago, when I was in NYC, I had mentioned that we will likely get a bounce from 8080 or 100 points below that. We did get a recovery, but the personality of that recovery clearly indicated that it was not the real thing. The next level where I might get interested in discussed in the video you see in the link. Good luck.

Apr 162015
 

Hi Folks,

I am in India on a brief holiday. Tomorrow, Friday April 17, 2015, at 10 am IST, I will be appearing live on CNBC TV18 to answer questions about the Indian markets. I understand that the program will also be available on line for a few days, should you miss watching it in real time. (Here is the link: http://tinyurl.com/lt95bv4 )

In a few days from now, I will be back in Mumbai for 2 days to participate in the ATMA Conclave. There will be a one-hour presentation on the first day where I will try and clear up some of the misconceptions about Elliott Waves. On day 2, there will be a round-table discussion about Elliott Waves as well.

Lastly, I wonder if you are aware that my second book is available at Amazon. Many of you might get some clues about the current market levels as some of the charts in it are just a few days old!

With best wishes

Ramki

Apr 072015
 

I am going to be in Mumbai on the 1st and 2nd of May, 2015 to participate in the prestigious ATMA India Conclave. There are several other well-known technical analysts and market specialists sharing their unique perspectives with the audience. You too can join us there on those days.

The topic for my presentation is “Elliott Waves – The Myth and Reality
Look forward to seeing some of you there!

Apr 032015
 

The greatest gift of life is friendship, and I have received it from readers of this blog. When I wrote my first book, Five Waves to Financial Freedom, I merely wanted to leave my mark in the literature concerning Elliott Waves. But the enthusiasm with which you all received that book was beyond my wildest dreams. You made me realize that I had friends everywhere; complete strangers were writing me their thanks and how the book changed their lives. I can’t say how touched I am with your affection.Thank you, one and all.

There were many calls for a second book; some suggested I can bring out frequent booklets. But for me the goal was never the money that the book will bring. If I were to write again, it had to cater to a different set of people, while at the same time proving to be a useful refresher to my old friends from the first book. When my second child also graduated from college, I looked back and wondered if I could have done something better with my skills. I realized that one could have used Elliott Waves just as effectively in building a retirement nest egg, or for funding the kids’ college education. From that thought sprang the second book that is now available at Amazon.com.

Dividend Growth Investing has long been considered a passive but positive way of achieving one’s financial security. I have explained in this book how you could make it a more interesting and rewarding pursuit, using Elliott Waves. I hope you will like the simple writing style and numerous real life examples. Whether you are young or old, there is no time like now to get started on investing for dividend income. And DGIEW will make a difference in the lives of anyone who chooses to embrace the ideas developed in it. As always, I value your feedback, and if you are active in the social media, please let all your friends know of this book. Along with me, you will also be contributing to their well being.

Thank you once again for your friendship.