tomj2417

tomj2417

Is this a possibility for this stock and potentially other tech stocks too?

tomj2417

This looks like an impulsive move up to me but perhaps it is approaching a 5th wave completion soon. One to watch after a correction?

tomj2417

The low of the 19th June may have been a significant bottom for Bitcoin and we could be looking at the early days of a decent rally. I have labelled it as an ABC as at this stage I have no idea if it's the beginning of a new impulse wave upwards or just a corrective rally as bitcoin continues lower.

tomj2417

More strength ahead for the US dollar but this count suggests that the dollar bull might come to grinding halt around the 107-108 level.....

tomj2417

Lots of gloom and doom about but this count suggests a big final move in this run for MSFT.

tomj2417

2 counts here: the blue count suggests a top is in the correction could have much further to go. The red count on the other hand suggests that this may be a wave 4 correction and despite all the doom and gloom we could see another leg up to complete wave 5. Place your bets folks....

tomj2417

A count that suggests that we may see another leg down for this currency pair (and also risk assets generally).

tomj2417 Updated 

I posted a chart on this stock a little while back suggesting a top was in and it worked out pretty well (red count) but this alternative blue count is starting to catch my attention. Could we be looking at a classic ending diagonal for this stock (and perhaps US equity in general)? I will certainly be keeping a close eye on the reversal of the recent decline and...

tomj2417

A couple of bullish counts for Japanese equities despite the increased volatility at the moment. Just not sure if the wave 4 correction is over or has further to fall. Price action should provide an answer sooner rather than later.

tomj2417

2 divergent counts for oil. I was feeling quite confident about the bearish blue count leaning towards a top of some kind being in. Now I am not so sure, especially looking at the nature of the correction that is/has taken place.

tomj2417

I posted a bullish idea on this stock back in February suggesting that we may be about to see another leg up. This is a more bearish count that suggests we may have actually seen a significant top for Disney and a protracted correction is just getting started.

tomj2417

I don't know.....lots of things out there that could end this count in a moment but could this bullish count be worth something?

tomj2417 Updated 

Umm.....this count sure paints a bearish picture. I've called enough tops wrongly to know that picking the end of a trend is often a fools errand but lets see what happens here.

tomj2417

Quite a lot of doom and gloom about and lots of people calling a top in equities but I'm not so sure. This red count suggests that we might be about to see an extended 5th wave in Swiss equities going forward. I have to include the much more bearish blue count though and that suggests that the top is already in. Which is it? Wish I knew. Personally, I prefer the...

tomj2417

This is one of the most popular investment trusts in the UK and has been an excellent proxy for the tech stock boom of the last 13 years. Whatever the merits or demerits (?) of this count I reckon I can count a 5 wave move to the downside. If I am right, we are now going to see a 5th wave materialise to somewhat improbable highs or, if the top was already in we...

tomj2417

Took a look at Visa this morning with it being in the news and all that and saw this as a possible count. As always with wave theory, there are myriad other possibilities but I quite like this one. I suppose the other viable counts might be that the July high was a 5th wave completion (very bearish) or that it was completion of wave 1 in an ending diagonal of a...

tomj2417

My count for this index is suggesting that there is a possibility that perhaps all is not lost with equities going forward. However, with the geo-political situation looking dicey in this region I do have a few doubts about this count, unless things resolve themselves in a positive way soon-ish.

tomj2417

A somewhat fanciful count perhaps but you never know.....