On 18 March I posted a rather lengthy discussion about HOW we should wait for a particular sweet spot which offers a low risk buy level. I used the Shanghai Stock Index as my example, and made the following points. “If we now get a move above the reflex point in five waves, then we…
Continue reading →In order to be successful in our investment activity, we should spend the required time to analyze the stock/index/commodity etc that we want to invest in. Once you identify what you are interested in, the next thing to do is to figure out what is a good price to get involved. Elliott Wave analysis will…
Continue reading →In my Elliott Wave analysis of the Shanghai SE Composite Index posted on 18 July 2011, I had warned investors of the likelihood of testing the 2100 levels. The chart posted on that day had a wave count that is different from what you see today. But if you have been a regular reader of…
Continue reading →It is three months since I presented some Elliott Wave Analysis of the Shanghai SE Composite Index.. There are several requests for an update and so here are the relevant charts with Elliott Wave comments. You should compare the first chart with my last update of July 18th. The wave counts are completely different, but…
Continue reading →Elliott Wave Analysis of Shanghai SE Composite Index reveals a five wave rally that completed at 3478. That level was just about 38.2% retracement of the whole big move down from 6120 to 1655. If you examine the internal waves of the rally to 3478, you will see that the 5th wave was longer than…
Continue reading →When I saw a report in Bloomberg Businessweek that Elliott Wave International Inc was suggesting that the ‘correction’ in Chinese stocks may be nearing its end, I decided to look up that chart myself. We all know that wave analysis is not an exact science, and there are many different ways to approach the subject….
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