tomj2417

tomj2417 Updated 

The dollar index has hit the 38.3 fib extension of my waves 1 to 3. Will be watching to see if it's time for a dollar rally.

tomj2417 Updated 

As ever, there are lots of possible counts here but I liked this one because the fib numbers all headed to one level here. Am not expecting it to head there in a straight line although that's what it's been doing up to now. The impulsive nature of the move up from early December might also suggest that we have embarked on a wave 3 here. Also, a more conventional...

tomj2417

A technician will tell me if these are genuine cup and handle patterns but with all the talk out there of tops and over stretched markets there might still be reasons to be super bullish in some markets. Of course. plenty of technical patterns fail miserably.....

tomj2417 Updated 

A bit obscure this one but my analysis shows some potential upside for this inverse US treasuries ETF.

tomj2417 Updated 

Pound pushing up against a trend line on my Schiff pitchfork yet again. Can it get through it this time or is it time for another retreat?

tomj2417 Updated 

Another wave count that might suggest that this bullish run since early 2016 might be due a decent correction. Might still have some run up first though if it doesn't turn around here.

tomj2417 Updated 

In this count it looks like a corrective rally may have ended and we may see more dollar weakness in the coming days.

tomj2417

A tad optimistic? Might well be, but with my waves 1 and 3 being equal it could suggest an even longer wave 5, assuming my count has any merit at all.

tomj2417

I can't help but feel bullish for UK stocks in general when I do a count like this one. Might be a bit optimistic on my projection for a 5th wave target but time will tell. I have added a parallel channel to try and project a target for the 5th wave but they sometimes work with log scale, sometimes with arithmetic and sometimes not at all.....

tomj2417 Updated 

Looks possible that this is developing into a flat or expanded flat correction which may see this stock correct further before heading up again......perhaps. My 3rd wave was just a tad short of the 1.618 extension so perhaps the 5th wave might even extend. With this stock.....anything is possible.

tomj2417

This index has really powered up since December but the question I ask myself is if my wave 4 finished already at just above the 23.6 fib as shown by the blue count or was it a bit short there and this surge up is all part of an ongoing wave 4 unveiling as an expanding flat. Tough one really. Whichever way I look at it though it looks like there is still upside in...

tomj2417 Updated 

Pretty obscure I know, but a popular trust for UK income seekers paying an over 5% dividend. My Wave analysis suggests there more be more downside before we see any decent rally or continuation on any uptrend in this trust.

tomj2417

This is an alternative count to one that has already called a top in the DXY but could be just as plausible depending on where you sit on this currency. I'm really in two minds (as usual) but what happens next should help make up my mind.

tomj2417 Updated 

This one will probably let me down right at the end of the move but I have attempted to show how this 5th wave has taken on board many facets of Elliott Wave. The principle of alternation in the two corrections, the fib extensions and the otherwise clear nature of the count. I am expecting another, final leg up to complete the 5th wave and this text book example...

tomj2417

The blue count is my preferred count which would suggest a 5th wave is due any time now, but I haven't discounted the orange count which could suggest a much deeper correction before it continues upwards. I will be looking for signs that the correction is over before getting involved in this stock.

tomj2417

Never can be too sure where the correction may end but the 38.3 might be as good a place as any......if correct, there may be some upside in this stock.

tomj2417

As with any longer term predictions the chances of it following the plan are pretty remote but this take sees world equities continuing there excellent run for some time yet. It looks to me that my 5th wave is extending but with most of the world's equity markets undergoing a correction of sorts at the moment this could be an end of a wave iii.

tomj2417 Updated 

Caught very much in two minds as to the likely outlook for this market although EW theory would suggest that after a rally perhaps I should be looking for more downside as it is perhaps shaping up into an ABC zigzag after a pretty clear 5 waves up and 5 waves down......or then again....is this just a series of 1-2, 1-2's?