tomj2417

tomj2417

Quite a lot of doom and gloom about and lots of people calling a top in equities but I'm not so sure. This red count suggests that we might be about to see an extended 5th wave in Swiss equities going forward. I have to include the much more bearish blue count though and that suggests that the top is already in. Which is it? Wish I knew. Personally, I prefer the...

tomj2417

This is one of the most popular investment trusts in the UK and has been an excellent proxy for the tech stock boom of the last 13 years. Whatever the merits or demerits (?) of this count I reckon I can count a 5 wave move to the downside. If I am right, we are now going to see a 5th wave materialise to somewhat improbable highs or, if the top was already in we...

tomj2417

Took a look at Visa this morning with it being in the news and all that and saw this as a possible count. As always with wave theory, there are myriad other possibilities but I quite like this one. I suppose the other viable counts might be that the July high was a 5th wave completion (very bearish) or that it was completion of wave 1 in an ending diagonal of a...

tomj2417

My count for this index is suggesting that there is a possibility that perhaps all is not lost with equities going forward. However, with the geo-political situation looking dicey in this region I do have a few doubts about this count, unless things resolve themselves in a positive way soon-ish.

tomj2417

A somewhat fanciful count perhaps but you never know.....

tomj2417

There we go. Calling another top. Prepared to get egg on my face but this stock sure had an incredible run up and the count for a 5th wave kind of fits nicely into the flow of things. Let's wait and see.....

tomj2417

Some nice clear waves perhaps. Fib levels matching up nicely and wave 5 same as wave 1. Could be a chart to keep an eye on if the correction gathers pace from here. The commodity space has been pretty red hot for the last two years and could it be due a breather before resuming higher?

tomj2417

I guess Pfizer's stock price could help us with knowing when this Covid nightmare might be drawing to a close. This count suggests that we might be about to begin a 5th of a 5th of a 5th. If this count has any merit and the trend does end then we can expect some serious downside to this stock some time in the not too distant future. (A more bearish count could be...

tomj2417

A count that suggests the possibility that we could see another leg up for Disney stock. I am loathed to consider "fundamentals" but with the US and much of the world, seemingly freeing itself up from multiple Covid restrictions that might be a bonus for a company like Disney.

tomj2417

Lots of doom and gloom out there at the moment but here is a bullish count for the mid range stocks from the FTSE UK. It suggests that once the correction is over (it might be already) then we could see a final move up to complete a 5th wave up. The bearish alternative (that I haven't put on this chart) is that the move up from 2020 was an abc B wave and we could...

tomj2417

My main count for Bitcoin suggests that we are coming to the end of a wave 4 flat correction. As my chart markings show, either that correction just finished with the move up of the last few days or there is one more leg to go to complete a 5 wave C wave. Personally I am leaning towards one more leg down as I can't find a 5 wave pattern in the move up but at...

tomj2417 Updated 

Another chart that will probably not age well, as betting against a trend as long as this one has a fair chance of ending in tears. Still, for what it's worth here is a chart of Google that suggests we may have fact reached a major high.

tomj2417

Here's a chart of the Nasdaq from the London Stock exchange. To me, it presents the possibility, that despite the gloomy talk, there may still be room for this market to keep running up.

tomj2417

Switching this stock from the log view to the arithmetic view presents an almost totally different scenario but in this format an argument could be made that a 5th wave top has been reached. However, my record of "calling tops" is pretty awful so I am almost expecting another leg up after a deeper correction.....

tomj2417

2 EW counts, both bullish in varying degrees, suggesting that Natural Gas could be making another move higher.

tomj2417

Is this a possible count for the Nasdaq? It would suggest that we are in the 4th wave correction having completed a wave 3. The 50% fib retracement would take us to wave 4 of preceding degree and could be a good place for the 5th wave begin.

tomj2417

I find that UK listed investment trusts often show quite clear EW patterns and maybe, just maybe, this is one of them. I saw a presentation that suggested that the bull market in Emerging markets is just getting under way but this count suggests a totally opposite view to that. However, the long term trend is definitely up and calling tops usually ends in tears so...

tomj2417

A couple of different interpretations for TWTR going forward. The blue count suggests a flat correction with the developing C wave expected to continue much, much lower. The red count however is somewhat more positive suggesting that wave 1 of an expanding diagonal completed February this year and we are now within a wave 2 correction.