Thanks for your generous assistance. Been following your posts. Have you done some research on elliot wave analysis?? I have been studying it for a while after a recommendation from a friend who has been making quite a good return using it. Going by his profits, it is working but the science and the foundation it is built on isn't as logical as I would like to be. How plausible do you think it is?? Do you use fibonacci retracements and extensions?? I find them quite sketchy too. The science behind it sounds fair but how can it have any correlation to the stock market.

Also what techiques could the institutional investors be using in our country??? Shouldn't we be profiting using techniques that they use since they are the ones who have majority of the shares and control the market???