Articles for: Elliott Analysis

Elliott Wave, along with Gann analysis occupies a relatively unique position compared to other forms of analysis. Based upon price action and reaction (upward and downward movements) and the time it takes for those price movements to occur, both Gann’s and Elliott’s theories attempt to pick future turning points in the markets. Of course, there are many other elements of analysis, both technical and fundamental which can support those predictions and it is the application of these supporting arguments that is often the difference between successful and unsuccessful traders.

I have been watching with some indifference TLS over the last few years, having once been a not insignificant shareholder; taking decent size parcels in all three tranches, but cutting loose not long after. Despite all the upbeat chat at the time of privatising I have always believed they not only would suffer for many years from being a government department despite being so called ‘privatised’ but also that they would always be a political football with too many masters. And the most telling disadvantage was they were a ‘dead in the wall’ organisation with sunset technology in a sunset space. And because of the political issues it could not move fast enough to move to sunrise strategies.