tomj2417

tomj2417 Updated 

This count suggests that oil might have a another leg up before it reveals what it's long term plans are.....

tomj2417 Updated 

This somewhat obscure chart (I'm British u see) suggests that US equities may be due a fairly decent correction sometime about now if this EW count holds any truth. As ever, when calling tops in the market, the opportunity to look really stupid presents itself.....so i am not holding my breath that I am correct with this call. As ever, time will reveal all.

tomj2417

There seems to be so much divergence at the moment between different indexes/countries/markets that, for me at least, it is really difficult to try and work out what is going on. According to this count I am expecting a decent 5th wave to take this etf higher but at the same time I am seeing a correction due in the US indices. Confused. I am. Thank goodness the...

tomj2417

Taking this UK investment trust as a proxy for global equity gives me 2 possibilities. Either my optimistic blue count and a continuation of the good times after a correction or the much more bearish red count which suggests that we are in for a much, much larger correction. If anyone knows the answer please let me know.

tomj2417

Looks to me that this stock might be due a decent correction before continuing it's climb.

tomj2417 Updated 

Wow. It's having a really great run.....but...... is it possible that it is reaching an end of a 5th wave? This count would suggest so and it does look like a pretty clear 5 wave impulse since the April low. Whether it will just be another correction or a major top I have no idea but I will expect some decent downside sooner rather than later.

tomj2417 Updated 

I've been calling a top on this FTSE100 investment trust for a while now without any success. This analysis is a total change of course as I am now suggesting that we might only now be entering a 5th wave and there may still be still substantial upside to be had here. The recent correction does look a bit small but with the way markets have been maybe that is the...

tomj2417 Updated 

Reckon Twitter might have another leg up before any serious correction.

tomj2417 Updated 

I'm not sure if this is in minor or intermediate wave 4 but either way I will be looking for the correction to finish so I can get long this ETF for another wave up......perhaps. I am expecting a reasonably shallow correction around either the 23.6 or 32.8 Fib retracement. Sometimes the Fibonacci numbers cause more confusion than clarity as different extensions...

tomj2417 Updated 

This certainly is a very bullish count on Disney which seems to be working it's way through a 4th wave triangle at the moment. Has the triangle completed? Not sure at all....but it sure looks to me that this stock (and perhaps the US markets in general) still have plenty of upside left in them at some stage.

tomj2417

I reckon there is still some more upside for this (and many other US stocks) but it sure looks like we are approaching a top of some sort some time soon.

tomj2417

Had been expecting a much greater correction here after the Dollar index's 2018 rally but it seems to want to going higher which has forced a rethink and some possible alternatives. Is this bullish count possible? All will be revealed in due course.

tomj2417

Really not sure about this count at all with all the talking heads going on about rising yields and interest rates and the general gloom surrounding bonds but with commercials very long and speculators very short on the COT index you never know in the markets. If I am right I often call the bottom to early so I wouldn't be surprised to see another leg down before...

tomj2417

My preferred count for oil has it topping out on the 3rd July with it now embarking on a prolonged leg down. But if it should turn around here heading north again or make a new high then I might have to start taking this alternative count more seriously.

tomj2417

The US dollar has had a great rally these last few weeks but has been showing some weakness lately. This count suggests there could be some decent downside before the dollar is due another rally.

tomj2417

Here's another US stock where there is a possibility of a 5th wave about to get going in my opinion. I have included a bearish alternative count (in red) that would suggest the polar opposite. As ever, the markets always allow to different outcomes.

tomj2417

I'm seeing a lot of US equities with very similar patterns to this one at the moment that might suggest they may be due another another decent run up. However, If they don't push on from here then it would also suggest that a major top could well be in and we can expect the present correction to deepen much further. I for one still can't decide whether to jump...

tomj2417

Of course, the problem with any Elliott Wave count is there is always another count suggesting the total opposite. However, this bullish count suggests the Pound might have another leg up to complete a corrective rally that began back in October 2016. However, should the Pound break down below the 143 level it would tell me that the correction is already over and...