Tag: five wave continuation
Only yesterday, we were greeted with the news that the IMF has just issued this pronouncement: “IMF issues bleak warning – global growth to fade”. Most of us know how wholly inaccurate forecasts from the IMF routinely are – remember the horrific crash predicted for
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
Wednesday’s Fed rate hike and Thursday’s ECB hand-sitting produced some seemingly perverse moves in the dollar. The immediate action in the euro on Wednesday was to rally, despite the increased interest rate differential in the US’s favour. Odd. Then on Thursday, Draghi did what he
I have received a gratifying number of discerning traders taking up the Free Trial Offer to my VIP TRADERS CLUB that officially closed on Friday. The good news is that I am extending the deadline to next Friday 27 January to allow late-comers the chance to
There are a few times in stock market history when rationality goes totally AWOL and a mania envelops investors like a cloud. We saw it in the 1990s in the Dotcom Bubble when the Nasdaq soared just on the basis of the projected eyeball count
Many pundits are calling for a ‘melt-up’ in US stocks because of the game-changing Trumpanomics about to be unleashed on the US economy. And since the election, stocks have indeed shot higher in anticipation of the tax reduction/infrastructure spending that Trump has proposed. Here is
As you know, one of my favourite indoor sports is spotting the analysts/economists who get their knickers in a twist over some ‘perverse’ market move that they completely cannot understand. The strength of my guffaw is a measure of how anguished he/she is. In recent
I recently came across this quote from the infamous James Joyce novel Ulysses: “The movements which work revolutions in the world are born out of the dreams and visions from the peasants’ hearts. ” He was writing in the early 20th Century where there were
Right after I posted yesterday’s coverage of copper (Copper is King), I spotted an article in Bloomberg: Crazy, Nuts, Unsustainable: Analysts in Disbelief over Copper. I had to laugh when I read this: “The copper market went haywire this week, leaving analysts voicing shock over
I am now working with Elliott Wave International to bring you their leading research that I hope will make you better traders, as it has done for me. I have been following Bob Prechter for a few decades (!) and cannot recommend their work highly
