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Tom Scollon

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From farmer to high school teacher to successful investor and financial advisor, Tom Scollon's career path has been diverse. Yet this interesting mix has resulted in far-reaching experience in a range of industries and enabled him to enjoy unmitigated success trading the markets. He has invested successfully on the Australian stockmarket for more than 20 years trading equities, options and other financial instruments using technical analysis techniques to determine trends and chart market movements. Tom believes that studying simple trends such as price and volume can reveal much about a stock’s prospects. He uses technical indicators such as “On Balance Volume”, “Bollinger Bands” and “Elliott Wave” to predict where the market might head next. He is a great teacher and in his articles he translates his views into easy-to-understand concepts for all levels of traders, and has thus developed a strong following over the years.

Latest Posts

Getting on Board Again

2 Nov, 2012
Getting back into the market is an undertaking I never take for granted, no matter how successful I might have been in the past.

Trouble Ahead?

26 Oct, 2012
Maybe, but I don’t think so. Markets are most likely just ‘letting off some steam’, as they often do when they reach Wave Five.

Breakouts

19 Oct, 2012
I thought I would use this week’s article to respond to a reader (thanks, Cam for your message and feedback) as I think his query has wider appeal.

Explosion Ahead?

28 Sep, 2012
An interesting formation is playing out in the Financials Sector (XFJ). Let’s look at the chart:

Four years later

21 Sep, 2012
Except for a short stint about two years ago (early 2010), it is more than four years since I have been in the market.

Going Back in Time

7 Sep, 2012
One of the wonderful functions in ProfitSource is going into the future using Elliott and Gann.

Mining Boom Done and Dusted?

31 Aug, 2012
It was interesting to listen to the debate in the last week or so about whether the mining boom is over.

Money in Banks

24 Aug, 2012
I can hear the cynics say – yes, you have a rightful place – that they could have told me there was money to be made in banks weeks ago.
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