Tag Archives: fifth wave extension

IBM: Elliott Wave Analysis

In his recent update in Forbes, John Navin mentioned IBM as one of the old warhorse stocks that is providing leadership in keeping the market well supported. John has some very good instincts and is an engaged partcipant in the … Continue reading

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Posted in US Stocks outlook | Tagged , , , | 3 Comments

Last Hurrah for Gold this season

It is always a tough call to say we will get a 30% sell-off when all systems are pointing higher. However, as a battle-scarred veteran practcing Elliott Wave analysis for over 25 years, I will be remiss if I don’t … Continue reading

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Posted in Gold | Tagged , , , | 30 Comments

Silver Outlook: Elliott Wave Analysis

The recent sharp swings in Silver has caused consternation among traders and investors alike. What is the outlook for this metal? In the last Elliott Wave Analysis of Silver, posted on 24th April, we saw a case made out for … Continue reading

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Posted in Silver | Tagged , , , , | 18 Comments

Sterling Pound Short Term Outlook: Update

After the fifth wave extended as anticipated, we should now be ready for a snap back towards 1.5020/1.5070 in GBP/USD Continue reading

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Opto Circuits India – Elliott Wave Analysis

Opto Circuits India Ltd appears in many portfolios that have Bharat Shah as the advisor. (Incidentally, Bharat  is the famed fund manager from Ask Investment Managers). As Bharat is a value investor, I figured that he and his team must have done sufficient … Continue reading

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Outlook for Gold

Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge traders to be paitient because the recent moves are not suggestive of an imminent reversal. Take a look at the chart below for additional inputs.
Elliott Wave Analysis of Gold Continue reading

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Posted in Gold | Tagged , , , , | 3 Comments

Barclays stock rallies

Today the news is Barclays Bank went to a three-month high on market optimism fueled by some nice numbers from US Bank Goldman Sachs. So I decided to take a look at what the charts tell us about Barclays.

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Posted in UK Stocks | Tagged , , | 2 Comments