Tag: fibonacci
As long time readers will know, I just love going against the crowd – but only when the time is right! I realise many non-professional traders consider themselves contrarians – but are they? Since a large portion of them lose money (the stats on spread
Stocks held up in the early part of the week but I suspected it was just a ‘dead cat bounce’ and wrote this in my Thursday Trade Alert to VIP Traders Club members: ” Another pretty quiet day in stock indexes – trading volumes on
I have just posted a new video on crude oil and how I am going about analysing the bear market rally that has been in force since December. But first, here is the very long term monthly chart giving perspective to today’s rather puny waves
Long time readers know that I place great store in measures of sentiment both in each specific market and in the wider economy. That is simply because it is the waves of sentiment that drive the financial markets according to the Elliott Wave model. While
I rarely mention politics here – mainly because most of the utterances from our glorious ‘leaders’ have a certain entertainment value, but little else for serious traders. But I just had to laugh when I came across this little gem. The State of the Union
Before November 8 – Trump Day – I warned about heightened volatility in most markets, especially stock indexes, currencies, gold and possibly T-Bonds. But I really had no idea we would see 1,000 point swings down and then up in the Dow, $70 swings up
