Articles for: Elliott Analysis

Top Down Analysis involves determining which stocks have the particular combination of factors – technical, fundamental, economic or political – that constitute a profitable trading opportunity.

I would like to digress this week from my mission to cover world markets.

It is times like this when many traders are apt to ‘throw out the baby with the bath water’. Or in another manner of speech they ‘throw’ in the towel.

Well much has happened in the last week and if I was writing as I did last week on the mother of all share indices – the DOW – I would probably have taken an even harsher view.

And yes, I might add, we would like it to get better. So true – but we do have to take what the market dishes out.

As the New Year gets under way, uncertainty continues to hold sway throughout the asset classes.

I hope opening with the chart for the All Ords won’t bring back too many scary memories:

Trading against the trend can be a dangerous move. As the saying goes, "The trend is your friend."

The US markets had an extraordinary move up during the last week or so in anticipation of a 50 point move on interest rates by the Fed.

My recent articles have been focused on the US bond markets and how the prevailing interest rate direction will affect mortgages as well as the continuing threat of the sub-prime credit crunch.