tomj2417

tomj2417

Reckon there may still be some upside for this stock despite the doom and gloom. Seems to be tracing out a 5 wave pattern to the upside although it may be in the later stages.

tomj2417

As opposed to count 1 this count suggests that we may only be seeing a wave (iv) correction here and can expect another run up into wave (v). Again,, plenty of fib retracements and extensions aligning.

tomj2417

This count suggests a much bigger correction and even a change of trend. Lots of fib retracements and extensions aligning.

tomj2417

A pretty fanciful count for the Dollar index as the projected C wave is so much longer than the A wave. But I've seen them before and I liked how the Fib numbers seemed to align with one another. The other projected stopping point would be the R1 yearly pivot which is also the 78.6 fib retracement of the move down. Of course, on the flip side what we could be...

tomj2417

Not putting that much faith in this count as it's difficult to ignore all the doom and gloom surrounding emerging markets at the moment (or is that bullish?) but with the yearly pivot in play and a bounce dead on the 70.7 fib retracement you never know.....

tomj2417

I have no idea how long or deep this correction will go (although the shallow correction in wave 1 might suggest a deeper correction here in wave 4) but I'm still bullish eventually. The hard part is working out when the correction ends. On a shorter term note reckon that might be the end of the A wave.

tomj2417

This is a bullish count for the Dollar that follows on from a previous post on the Dollar index from a few days days ago when I called for a reversal/correction. Imo that correction may now have finished. If that is the case the I expect the Dollar to resume it's climb upwards for some time yet.

tomj2417

If anyone can tell me which way this one is going to pan out I would be very grateful as these two counts are both totally opposed to one another. With Brexit swinging from positive to negative in the blink of an eye it's very difficult for me to make a call wither way. So many perfect Fibonacci hits as well for both arguments to confuse me even more. Personally,...

tomj2417

A pretty ominous chart and blue count here suggesting that UK mid caps could be in for a rough ride for some time to come. We do have an ETF in the UK to short them ,1MCS. I have also included a red count that gives the possibility that this is a complex 4th wave correction and the is a final 5th wave to come. This count would have to kick in pretty quick to be...

tomj2417

Since the demise of XIV I have followed this volatility etn more as an indicator than anything else. Sure enough it stopped dead on the 61.8 retracement of it's January decline in late September and has since declined sharply as volatility soared these last few days. To me it could now be shaping up as a near perfect zig zag correction. IF I am correct then I...

tomj2417 Updated 

My preferred count for the China is much more bearish than this optimistic count but I have to consider all possibilities. Like I have said on other posts things are getting a diverged in the equity markets with some seemingly due a correction where as others might be bottoming. If I am right about US market being due a decent correction soon it seems unlikely...

tomj2417

Just glancing at Ozzie bank charts this morning having read about ANZ bank having problems. Haven't given them that much of look but reckon they all look a bit bearish for some time yet.

tomj2417

I found this chart kind of fascinating as to how many times it has respected Elliott wave theory. Doesn't mean it's going to do what this bullish count says but interesting to me all the same. Tiny bit of divergence on the RSI too. If you take a look at the longer term chart you can see that since almost going bust in 2009 the share has been in a massive basing...

tomj2417

A couple of bullish counts here although one of them thinks that it may sink a bit lower yet before turning up again.

tomj2417

This count suggests that the US Dollar has either completed 5 waves up or will do soon on the hourly chart.

tomj2417 Updated 

After what might have been an extended wave 5 BT could expect a protracted fall to around the level of wave 4 of the climb up. The massive drop of 25/01/17 may be the start of an accelerated decline in a wave 3.

tomj2417

Here's a bullish count in blue suggesting that Japanese stocks may be the ones to keep the party going in the coming months. I have included a more bearish red count in case the 4th wave correction is not in fact over although price action looks very bullish.

tomj2417

A bit tenuous I know, what with everything pointing towards USD strength going forward.......but you never know.