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Finally, the dollar has turned

February 17, 2018 // 0 Comments

Regular readers will know I have been not so patiently waiting for this.  It is a common observation that currency markets often extend trends far longer than you think possible.  In Elliott wave terms, we see many extended fifth waves and these are often the longest wave in the pattern.  This characteristic is unusual in most other markets. And this description fits [...]

Stocks on rollercoaster (again)

February 10, 2018 // 0 Comments

Stocks staged a tremendous snap-back rally in the last few hours of trading yesterday – a feat I have observed many times in similar circumstances as many traders take off early for the weekend.  This traps many on the wrong side (and then worry how markets will open after the weekend) since there has been a rush to short the markets in recent days, although as of [...]

Is there a pile of money on the sidelines?

February 7, 2018 // 0 Comments

I continue to be amazed at the lack of understanding out there on how markets really work – and this is among professional money managers who should know better. I wrote to my VIP Traders Club members this morning with this quote from AEP in the Telegraph who was quoting an industry insider:  There are still vast sums of money on the side-lines, poised to buy on [...]

Shares down hard – is a Deflationary Depression now inevitable?

February 3, 2018 // 2 Comments

Ever since the big crash of 2007 – 2009, I have been forecasting a deflationary depression for the global economy. I realise this is a very bold call.  Some would even say it is totally nuts given today’s ‘Goldilocks’ economy.. What could possibly go wrong?  But I believe the stage is now set for this monumental event to occur in the next few [...]

Now everyone hates the dollar – so do we buy?

January 27, 2018 // 0 Comments

It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom.  Or not.  Since I am rarely invited, I have the luxury of noting the prevailing mood as it relates to the markets – far from the madding crowd.  That way, I can sense approaching market turns with a [...]
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