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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

Falter at the Altar

7 May, 2010

Well the markets have faltered at the altar of the 50% retracement level – well and truly.  I think we can say that the 1.4% fall last week and the solid 4.5% for this week - as at the time of writing (Thursday) - is a significant retreat:

Faltering at the alter

30 Apr, 2010

Considering your recent article , don’t you think that we are at a very strong resistance level of 50 % retracement of the total fall and the current up move is about to finish as we are very near to the time by degrees date as well

Up the escalator down the shaft

23 Apr, 2010
Well you know what I mean. It takes a long haul to get to a market top and no time for it to plummet to where it started.

Interesting times

16 Apr, 2010
Markets are fascinating at any time but right now they are compelling viewing. A further email from Naresh:

The Kiss of Death

6 Apr, 2010
Shorting can be the kiss of death for an unsuspecting stock.

Retracement theory

26 Mar, 2010

I had an interesting email this week from a client – Naresh:

…from India and had been following your mails regularly.

I did attend the safety in the market course 5 day trading congress with Mr. David Bowden.

Considering your recent article , don’t you think that we are at a very strong resistance level of 50 % retracement of the total fall and the current up move is about to finish as we are very near to the time by degrees date as well

Shall appreciate your reply for better understanding .

Regards

Naresh

What if?

19 Mar, 2010

What if China’s warning of a double dip recession were to come true? What would you do? When would you do it?

Elliott and its ways

15 Mar, 2010
To many Elliott can be very frustrating and tedious and this can be a major turnoff in using it.
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