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Here are two excerpts from Page 77 of the Elliott Wave Principle by Frost and Prechter on the Psychology of second waves. I believe there is something relevant here. Are you able to relate to it based on what is happening today?
Follow tha...
As the dollar bumped up wave Z started to unravel. In a complex correction wave Z is the last stage of the correction marked as W-X-Y-X-Z. Wave Z is three waves down marked as a-b-c, and wave c of Z is five waves. We are inside wave c of Z....
Will greater liquidity fund India's growth story? Can the GSEC tax reform change the liquidity equations in India? I think this is a big reform that markets ignored on Friday. It can drive down long-term interest rates.
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RBI’s measures have started to ease pressure on the rupee, which takes me to the long-term chart and currency discussion. Even as the dollar was falling over the last year, USDINR continued to rise because wave 5 was not complete.
USDINR h...
At the start of May, I said this pullback would put us back in the eye of the storm; it has, and that might be the end of it. Taking longer than I thought, but here we are closer to the final support levels, where the risk-reward
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The writers behind this newsletter.
Rohit Srivastava is a Research Analyst with Indiacharts Data Analytics Private Limited. Reg No. INH000023630. Don't be afraid to go wrong. Go Macro. Love the commodities cycle, study inflation and deflation cycles and Invest in India
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