tomj2417

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?

tomj2417

Further to my July count for this stock I have revised the count slightly but it is still going to plan. According to this count I could expect some further upside but it may be getting more risky with every passing day. Difficult to say in this market though and betting against it hasn't gone well for the bears....

tomj2417

The EW count is pretty dubious but this stock is still showing life as it posts a breakout here. Reckon it might still have some room to run up before any serious correction.

tomj2417

I did some analysis on this stock back in January that worked out pretty well and am watching to see it if it now is ready to embark on a 5th wave or not. I'm not convinced that the correction is over and there are definitely some bearish alternative counts but who knows.....it might still fly up one more time.

tomj2417 Updated 

Might be a bit too early to call an end to the 4th wave correction but this analysis suggests that there should be a 5th wave to come some time soon.

tomj2417

The Pound is hitting a major trend line from 2014 right about now as well as the median line on my modified pitchfork . Should be worth watching what it does next......

tomj2417 Updated 

I did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of...

tomj2417 Updated 

The UK banks never really recovered after the 2008 financial crisis but this count could be positive for this UK bank. Thanks for TipTVfinance for the heads up.

tomj2417 Updated 

A number of factors point towards the possibility of a decent correction for copper (and Emerging markets with it?). The parallel channel, the fib measurements and the relatively straightforward count all suggest to me that there could be a prolonged period of downside here. Not shown on the chart is that Copper has also failed at it's R2 yearly pivot.

tomj2417 Updated 

Having soared to the heights this year it looks to me like this UK real estate stock could have further to fall.

tomj2417 Updated 

With many calling for a break down in banking stocks I see the possibility of further upside if this correction does in fact end soon. As ever, time will tell.

tomj2417

This analysis suggests that the DAX (along with many other major indices) may see a decent correction in the coming months but I am still expecting a decent leg up to come which I will be waiting for. It never ceases to amaze me how many times the same fib ratios come into play as in this case.

tomj2417

Always risky calling tops especially after the run this stock has had but I'm calling one anyway. Reckon 5 waves might be in....

tomj2417

A number of factors shown on the chart suggest that this US stock may be in for some sustained downside.

tomj2417

The parallel channel and the fact that wave 5 may be the same length as wave 1 might suggest a short term top is in for this index.