tomj2417

tomj2417

Just pointing out the possibilities as they appear but could this one be classed as forming a head and shoulders for the US Dollar index. My E wave seems to have reversed kind of strongly and looking at the Euro chart it has reversed also at telling levels. Interesting times indeed.....

tomj2417

Here's a long term count of the DJIA for what it's worth. Are we looking at an end of a 9 year wave 3 of a wave 5 lasting since 2011. Does that mean we are going to see a decent and prolonged correction for a wave 4? This count reckons so.....

tomj2417 Updated 

Not much weight behind this count as it's so messy but I did notice that 3 fib levels all seem to converge on that 1.08 level.

tomj2417

Way to early to get that interested in this AIM stock yet but this pattern might have some merits. Will be putting it on my watch list and keeping an eye on it.....

tomj2417

Here's a bullish count for Semi Conductors. I like this count because I'm struggling to see the downside. Of course, the market may shine light on my blindness but until then, I will stick with this bullish count.

tomj2417

Here's an chart of the SP500 VIX inverted. Is it offering clues? Perhaps. Although, maybe that's just my bias that this equity market has further to climb and makes me see it this way.

tomj2417

Lets see how this one goes.....

tomj2417

I posted a bullish chart for US financials a little while back with it looking that nothing can hold stocks back at the moment. With the recent events of this virus (I live in Asia) I thought I should include this more bearish outlook. While it suggests that this ticker has finished a 4th wave correction and will now climb onward it also suggests that the next...

tomj2417

If this chart of the Taiwan stock market has any merits then it would suggest that there is still room for equities to climb the present wall of worry.....The more immediate question is whether or not the present correction was enough before resuming the climb. I think so...but I'm often wrong.....

tomj2417

I posted a bullish count for the Hang Seng a little while back but looking at the speed of this correction makes me consider more bearish possibilities. Here is one of them that suggests that the run up from December 2016 to January 2018 was in fact an extended 5th wave which now requires the necessary correction which is taking the shape of a double zigzag. If it...

tomj2417 Updated 

Here I go again.....about to make a fool of myself trying to call a bottom in this currency pair. Not much sign of a reversal yet so probably way to early but there is plenty of fib confluence and some divergence on the RSI. But hey,,,this is what this website is for.....just putting a few ideas out there.

tomj2417

The correction that began in May and finished in October of last year is tricky and I have no idea if my count is even close to being correct but whichever way I look at this I end up bullish. To me, it's just a question of how deep the present correction will take before this index resumes it's path to the upside. (The only negative scenario I can find is the...

tomj2417 Updated 

I like the way that this commodity seems to love both the 38.2 and 61.8 fib retracements whichever way you look at it. The big question for me is if copper has turned up now and completed a wave 2 at the 61.8 level or in fact it has one more down turn to go. Interesting times.....

tomj2417

A count that suggests that either the KOSPI has completed 5 waves up or may have one more leg to go before a decent correction. For me, the longer term direction is still bullish.

tomj2417

Chart suggests some further weakness for GBP before continuing strength. An alternative view/count (not shown here) would be that the correction from August last year was some sort of ABC and now the Euro is resuming it's uptrend. Worth watching for Brits like me.

tomj2417 Updated 

Personally, I'm with the red count here and reckon that this index (and equities generally) are due a decent correction in this uptrend. As always, there are alternatives so I have included a blue count which a little more bullish. Of course, picking tops, even interim ones, has been a fools errand in this current market so a third option is that it just keeps...

tomj2417

Another obscure UK listed investment trust I keep an eye on. Has the correction run it's course? Time for a 5th wave as suggested on the chart? Nice divergence on the RSI.....

tomj2417 Updated 

Not much to go on here except a bullish candle on the 61.8 fib retracement but might be worth keeping an eye on......