Tag Archives: chart

Introduction to Elliott Wave Analysis

Welcome to the magical world of Elliott Wave Analysis. You have probably arrived here because you wish to learn more about Elliott Wave Principle and how to use it to improve your trading performance. Whether you are trading in the … Continue reading

Share
Posted in Trading Tips | Tagged , , , , , , , , , | 2 Comments

How to trade a Head & Shoulders chart pattern?

The Head and Shoulders formation in probably the best known formation among traders. This post looks at how to trade this chart pattern. First, when you seek to identify a formation as a head and shoulder top, you are trying … Continue reading

Share
Posted in Trading Tips | Tagged , , , , , , , , | Leave a comment

ORCL buys Sun

It is official. ORCL will be buying Sun common stock for $9.50 per share in cash. Here is a quick look at the chart for ORCL from Elliott Wave perspective. Enjoy Continue reading

Share
Posted in US Stocks outlook | Tagged , , , | 2 Comments

O Love of gold! thou meanest of armours!

Sometimes we celebrate too soon. I could be faulted for that vanity quite soon. But the signs are all there. A recovery to very near the resistance at $940 folowed by a $90 drop in a single session can only suggest that (a) there are no fresh buyers out there and (b) some people are actually selling even in the face of continuing troubles in the global financial markets. How else can you explain the gaps! Continue reading

Share
Posted in Gold | Tagged , , , | Leave a comment

Sterling has more room on downside

The beating that the Royal Bank of Scotland took today is not the sole reason for Sterling’s sharp downmove. The market is really nervous about which other big institution is sitting there with a load of worthless assets. ( As … Continue reading

Share
Posted in GBP | Tagged , , , , , , , | Leave a comment

EURO remains vulnerable

Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met. Until we get there, it will be easier and more profitable to trade from the short side. When we reach … Continue reading

Share
Posted in Euro | Tagged , , , | Leave a comment