WAVE PATTERN: STOCK MARKETS AND WAVE COUNT

June 23, 2009

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Following is the envisaged wave count for all the major stock markets.  This should give a broader picture of what could happen over the Medium and Long term.  (Short term trend followers may delve into more elaborate details in short term charts).
There could always be some unanswered questions while following wave patterns, but they are [...]

FTSE100: WEEKLY OUTLOOK

June 21, 2009

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This index gave two daily closes below 4300, the lower range of consolidation. Weekly chart given below also portrays a lacklustre picture as RSI has been trending flat for over many days now.  All this implies that traders and investors are still not hopeful of early recovery in this economy.  Next earnings season may [...]