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General Electric Co. down

On the 1-hour chart of General Electric’s shares we have something that looks like a perfect Elliott Wave 5-3 cycle. Prices fell impulsively from 27.96 to 24.30. Furthermore, a three-wave correction seems to be over as well. In our opinion, this is a good selling opportunity, because at least one more 5-wave decline should be…

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Alcatel-Lucent SA, big picture

The shares of Alcatel-Lucent SA have been dropping significantly from 13.80 to 0.70. As shown on the weekly chart, this decline is in impulsive fashion. At the bottom of wave 5, that 95% crash must have brought desperation among shareholders. Ironically, it was the right time for a switch in psychology, so when the fifth…

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Bayer AG, time to slow down

After a long and steady rise in wave 3 from September 2011 to January 2014, during which prices soared from 35 to 104 , it looks like Bayer AG’s stocks are ready for a more tangible corrective decline in wave 4. Since wave 2 is sharp, considering the rule of alternation, wave 4 should move…

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Siemens AG to the south

Siemens AG’s shares are looking bearish on the 1-hour chart. A 10 $ drop-off in five waves from 101 to 91, followed by a 3-wave a-b-c zig-zag would have been enough to send prices down again. However, corrections seldom are so simple. It seems that we are currently in wave Y up, which should make a…

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McDonald’s Corp., this one could be a good buying opportunity

On the chart of McDonald’s below you can see a clear 5-wave impulse to the upside with a fifth wave extension. 5th wave extensions are usually retraced completely, which means that the following correction leads the price back to the level, where the extension started – the end of wave 4. As shown on the…

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