Latest Posts

Australian Dollar still producing good trades

The next opportunity to watch for is a possible bounce from support. However, traders will have to watch price action closely to be sure of catching a good entry. Readers can also view a chart showing a similar development in the Euro.

Expect a bounce in crude oil

Even though the technical picture isn’t completely clear, all of our major scenarios suggest a rally for several months.

Evolution of an Elliott wave count for gold

This article shows how we were able to refine our forecast throughout the year while also identifying good trades, even at times when the Elliott wave count was less certain. It concludes by showing a newly refined projection for gold into the end of the year.

Trader Insights – Wednesday, Nov. 12

Currencies are near some possible inflection points. For example, see the weekly chart of the U.S. Dollar Index, where we believe price is near the end of upward wave iii of (i).

Timing your next Yen trade

As usual, it will be informed by moves in the Dollar.

Trader Insights – Wednesday, Oct. 29

We are still treating the rally from mid-october in the S&P 500 as a corrective “B” wave, with the expectation of a strong decline in “C” into mid-November.

Gold: the bleeding is almost over

Longer-term traders should start watching for an entry

Trader insights – Friday, Oct. 24

Now, the major indices are re-testing the areas where they broke through supports. This is a likely area to watch for another leg of the correction to begin.

Trader insights – Wednesday, Oct. 22

The sharp rally from last Wednesday has taken most of the credibility away from the case that U.S. stock indices are declining from THE high.

Trader insights – Friday, Oct. 17

The size and complexity of the rally from Wednesday suggest it could be a completed fourth wave.