All Entries Tagged With: "elliott wave analysis"
India’s Sensex: Elliott Wave Analysis
Is there one right way to count the waves? I can say this for sure. Until a move is over, there is certainly more than one way to count. Sometimes, even after a move is over, one has to decide where exactly the move finished. Take the case of India’s Sensex. Many Elliott wave analysts would say [...]
How to use Fibonacci Ratio Retracements
Choosing the right place to draw fibonacci retracements could mark the difference between success and failure in trading decisions.
Elliott and Gann is a winning combination!
If many traders are intrigued by Elliott Wave Principle, then it is fair to say that most traders are foxed by Gann. It is fair to say that anyone who can master both Elliott and Gann has with him a very powerful winning combination. In this page, I am going to use the chart of [...]
Outlook for Gold
Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge traders to be paitient because the recent moves are not suggestive of an imminent reversal. Take a look at the chart below for additional inputs.
S&P500 index: is a top already in?
First, remember that we are not discussing a major top for S&P500. What we are focusing on now is the top around 875 because we determined that a five wave rally that had a diagonal triangle in its fifth wave position is badly in need of a correction.
ORCL buys Sun
It is official. ORCL will be buying Sun common stock for $9.50 per share in cash. Here is a quick look at the chart for ORCL from Elliott Wave perspective. Enjoy
Barclays stock rallies
Today the news is Barclays Bank went to a three-month high on market optimism fueled by some nice numbers from US Bank Goldman Sachs. So I decided to take a look at what the charts tell us about Barclays.
Fibonacci Number Series
Elliott wave analysis of stock market or forex or commodity market would invariably involve the use of some Fibonacci numbers to arrive at targets for corrections or projections. If you had searched the Internet for some information about the Fibonacci number series, you would have found a lot of material, but few explain it clearly enough. So this post aims to fill some of the gaps.