Needs a Confirmation please

This is a discussion on Needs a Confirmation please within the Technical Analysis forums, part of the Methods category; Hello everybody... I read an article in news paper that Kuwait Stock Market is about to make a big impact ...

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Old Dec 18, 2006, 12:34pm   #1
 
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Needs a Confirmation please

Hello everybody...

I read an article in news paper that Kuwait Stock Market is about to make a big impact after a sharp correction and i would like to share with you guys and get your advice from that attached Weighted Index chart with elliot wave marks if the market made a bottom and if the correction has ended or its about to end soon ?? your help is so appreciated
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Old Dec 24, 2006, 3:59pm   #2
 
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Originally Posted by Jwallace
Hello everybody...

I read an article in news paper that Kuwait Stock Market is about to make a big impact after a sharp correction and i would like to share with you guys and get your advice from that attached Weighted Index chart with elliot wave marks if the market made a bottom and if the correction has ended or its about to end soon ?? your help is so appreciated
My Personal opinion is that if the Level I marked on your chart is taken May be The Lower low will be next .....
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Last edited by Mr.Black; Dec 24, 2006 at 4:04pm.
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Old Dec 24, 2006, 9:28pm   #3
 
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Jwallace started this thread Thanks Mr.Black

But do you think we finish the correction and are we about to enter a nice boom soon of the wave 4 i am attaching for you 5 years chart with volume so you might have a better vision with whats goin on on this market and thanks alot for your help
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Old Dec 25, 2006, 9:11am   #4
 
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Originally Posted by Jwallace
Thanks Mr.Black

But do you think we finish the correction and are we about to enter a nice boom soon of the wave 4 i am attaching for you 5 years chart with volume so you might have a better vision with whats goin on on this market and thanks alot for your help
My personal opinion is that you have correction in place .....and the odds are for continuation of this correction....
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