tomj2417

tomj2417

I seem to swing between bearish and bullish counts at the moment for most US equities but perhaps we are reaching a point where we will find out which way the wind is going to blow. Is this a possible route for Apple?

tomj2417

I had thought that the US dollar might rally a bit harder than it has but this counts allows for the possibility that we might see another leg lower for the currency.

tomj2417

2 bullish counts for the DOW, just differing in how they interpret the present correction. Is it over already or does it have much deeper to run?

tomj2417

2 counts for the Nifty 50 index. The index seems to me to have moved up in a 5 wave pattern since June 2022. The question is, was that the 5th wave as suggested by the red count or was it just wave 1 of a much greater 5th wave that is only just beginning?

tomj2417

2 counts for this US listed company that only differ slightly and both suggest that a much deeper correction lies ahead for this company at some stage.

tomj2417

You never know....is this a possible outlook for Apple and tech in general?

tomj2417

This count suggests that the Ozzie might be about to suffer some weakness against the USD going forward. As a risk on/risk off indicator, and if this count is right, it might also suggest that we are going to see some weakness in equities going forward.

tomj2417

One correction is measured with an arithmetic scale the other with a log scale. One suggests that the correction may be coming to a finish, the other that the correction may have much deeper to run as the more traditional EW states that the correction may end at the 4th wave of preceding degree. Both counts however suggest that the trend is still bullish.

tomj2417

Although this count suggests there may still be some significant downside ahead the longer term outlook for this stock (and tech in general) may in fact be bullish according to this count.

tomj2417

So much bad news coming out of China could suggest that perhaps this index might be due a bit of a rally or even a turn if the "buy when there's blood in the streets" maxim has any value.

tomj2417

This count suggests we may be in the final leg of a bear market rally if the 5th wave of this c wave takes shape as I imagine it might. As my waves 1 and 2 were equal I am suggesting that the 5th wave might extend. The Fed is due tonight so I expect this count to be proved right or wrong sooner rather than later.

tomj2417

I would need some more confirmation that the downward trend is over but this EW count certainly suggests that a 4th wave flat correction might have finished with a 5 wave wave C wave and Gold could be about to shine....

tomj2417

For me this is a bullish chart for this crypto although I felt I should include a bearish alternative as well (Blue count).

tomj2417

My red count here would suggest that wave 4 of 5 may have just completed and we are about to embark on another Bitcoin rocket ride with targets ranging from the reasonable to the stratospheric. I had to include a much more pessimistic blue count though as the November 2021 high is the 0.61 fib extension of my waves 1 to 3 and is a common ending point of waves 5 in...

tomj2417

Is this a possibility for this stock and potentially other tech stocks too?

tomj2417

This looks like an impulsive move up to me but perhaps it is approaching a 5th wave completion soon. One to watch after a correction?

tomj2417

The low of the 19th June may have been a significant bottom for Bitcoin and we could be looking at the early days of a decent rally. I have labelled it as an ABC as at this stage I have no idea if it's the beginning of a new impulse wave upwards or just a corrective rally as bitcoin continues lower.

tomj2417

More strength ahead for the US dollar but this count suggests that the dollar bull might come to grinding halt around the 107-108 level.....