Articles for: Elliott Analysis

There is little doubt that the markets have confirmed sustainability and this appears likely to continue barring any major surprises. Technically the markets still want to keep rising. Volume remains firm and there are few sellers so buyers left behind when the markets took off in March are having to pay steep prices to get a stake in the market in these robust times.

I have stayed long Australian stocks and whilst I sold my US bull call spreads I am having a bob each way as I still hold US bear put spreads.

Whether you trade the Australian Dollar or are live in the country you cannot help but have some exposure to our currency.

Well what a week. The challenge for the Newsletter Editorial this week was where to start as there was just so much to write about – we started the week with media reports from the Dubai G7 meeting which really only highlighted some on-going, festering world currency issues.

You might ask why are we inflicted with such uncertainty all of a sudden. Life was going along swimmingly then all of a sudden we are questioning the road we have been travelling as road blocks such as currency turmoil, oil production cuts, new concerns about world growth etc. etc. are put in our way.

This has just been too easy and with the name Tom – Thomas as my mother still calls me – I am the disbeliever (Didimus) about this on-going rally.

Brambles (BIL) is a stock I have been in and out of over the last several years – mainly out!

I just can’t stay away from a good seminar – yes maybe I am an addict but Optionetics is back in town so I am about to take to the classroom once again.

Markets go three ways – up – down – sideways. No need to state the obvious that recently the move has been up. The choices from here are still the same – up, down or sideways. What is more likely?

Well I did have those feelings until Friday when there was some sign that the market may take that breather that so many pundits have been calling for some time.