Articles for: Elliott Analysis

For the last 4 weeks, media pundits and market commentators have (rather tiredly in my opinion) prattled on about shares “getting ahead of the fundamentals” and how the market should “pull back”.

I received an email recently from a reader asking for my view on the REIT = XPJ = Property Sector.

Ask a professional from almost any field of endeavor and they will almost certainly agree that performing the basics well is vital to success.

Looking back through articles from earlier this year How Sold Are We and A Standard Rally, it is clear I was initially skeptical of the March low and subsequent rally.

I rarely like to write in hindsight for obvious reasons – it is always easy to see things after the event.

Everyday multitudes of traders embark upon the task of trying to predict the direction and movement of stocks.

I was interested in the comments made last week by a senior bureaucrat about the prospect of a second recession wave in the GFC – global finance crisis.

The gold buffs have not had a riveting time of late – well at least compared to equities. And gold stocks have not had such a great time either.

Sometimes you just don’t have clarity. And when that happens I always find it is best not to do anything.

Discipline is the last of my series on the ‘Seven Deadly Sins of Trading’. But it is by far the most important of all.