Multi-Year Bull Market in Pakistan?
Elliot Wave theorist Mark Galasiewski is forecasting continuation of multi-year bull market in Pakistan. This forecasts marks an unusual agreement of a technical analyst with fundamental research done by Jim O'Neill of Goldman Sachs who recently reiterated Pakistan's place on its growth map . The Elliott Wave Theory , formulated in 1939 by Ralph Nelson Elliot, is the basis of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Here are some excepts of a recent interview of Elliot Theorist Mark Galasiewski on what he calls the "Indian Ocean Renaissance": ".... there are various ways to make long-term investment decisions. For example, Warren Buffett has shown that picking individual stocks can provide good returns over time. But it's a very labor-intensive and time-consuming process, to...