Articles for: Elliott Analysis

The Scottish traditional ‘Will ye no come back again’ that laments the prospect that Bonnie Charlie may not return reminds me of metals.

When you look at a line chart of the DOW or All Ordinaries and ask investors to look back and point to where they would like to have bought in, almost without exception they point to the major retreats that we call ‘pullbacks’.

Volume indicators are often used to confirm the validity of price movement.

The word ‘black’ means different things to different people.

Markets are tough right now – an understatement you might say. So what to do?

As I am sure most of you know sharemarkets are divided into sectors. For example Financials excluding property is about 40% of the Sharemarket, Materials is about 20%, and Industrials are about 8%.

Volume is one of the simplest and most undervalued indicators around. Like indicators in general, volume alone does not give the whole picture.

Gold attracts a disproportional level of interest. Gold and gold stocks weigh minutely on the market compared with, say, base metals.

Bonds are debt instruments that pay owners semi-annual interest payments.

In the near term the DOW has arrived. There is not a lot more major travel for the time being – up or down – even though you may ‘feel’ the market is a little frenetic and the media/analysts beat it up.