Tag Archives: Diagonal Triangle

S&P500 Elliott Wave update

Posted on April 22, 2009 by Ramki

We got the break in the index as anticipated, and the recovery looks good too. Be alert for a failure inside the wedge so you can join in soon after. Here is your chart. S&P500 Elliott Wave update Related S&P500 … Continue reading →

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S&P 500: Potential Ending Diagonal Triangle

Posted on April 8, 2009 by Ramki

On 1st April, when the S&P500 index was at 797, I suggested that we will get  a move to just short of 850 but that will be about where the rally will fail. After reaching 845 on 2nd April, the market … Continue reading →

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S&P 500 and Citi

Posted on November 11, 2008 by Ramki

If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index and the stock separately. Continue reading →

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Get ready to buy Citi

Posted on November 6, 2008 by Ramki

I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the stock for longer Continue reading →

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