Articles for: Elliott Analysis

Once a year I like to write about the Aussie dollar although I do not get into the serious technical’s as this is the domain of our specialist currency expert, Matt Barnes.

The current market conditions and volatility are causing a huge amount of consternation amongst investors and traders around the globe.

Although picking short term moves is not a walk in the park at the moment, the medium term Elliott outlook is less difficult and in fact shaping up to be a classic Elliott set up.

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:

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

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