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Peugeot SA could lose one third

Should you be buying the recent pullback in Peugeot SA? Well, we do not think that is a good idea, because the dip is likely to extend. Many fundamental analysts think that this is an opportunity to go long in those shares, since Peugeot 308 has been crowned “Car of 2014” in the beginning of…

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MEDIASET to reach one last new top

On the daily chart of MEDIASET (ME) we could see one of the clearest impulses. It shows that wave (5) looks like an unfinished ending diagonal. That is why we expect MEDIASET to reach one last new top in wave 5 of (5), before turning down for a natural three-wave correction. The final peak should…

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You do not have to wait for Crimea

In our previous analysis on the Russian MICEX index we stated that the drop-off in the Russian stock market would have happened with or without the Russia-Ukraine conflict. Now we think that this market would soon start to recover, no matter how the conflict will end and no matter what the Crimea referendum will decide. We…

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What is going on with China and the other emerging markets?

China’s economic health is represented by the Shanghai index. Since the 2007-2008 crash China has been having huge difficulties standing up. There has been just a little upside movement and it looks corrective. After the short rally prices continued lower as the downtrend line remained mainly untouched, which indicates for an accelerated down movement. Usually…

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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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Nikkei in bear’s paws

Nikkei is a stock market index on the Tokyo Stock Exchange. It is the most quoted index in Japan, similar to Dow Jones Industrial in USA. The downtrend in Nikkei has started in 1990. The recent advance has been a corrective zig-zag (ABC). The triangle in wave four signalized that there is one last movement…

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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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Did we need a war in order to predict this? Russia

Tension between Ukraine and Russia has been rising for several weeks. Everyday you can hear all the media saying how the conflict is bringing the Russian stock market down. But did we need a war in order to predict this decline? Well, if we were fundamental analysts, the answer would have been undoubtedly “yes”. But…

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Socionomics perspective on skyscrapers

In 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. Now, 74 years later, this hypothesis is a good addition to the socionomic theory. The new science of Socionomics, founded by Robert Prechter Jr. in 1979, postulates that social mood drives financial, macroeconomic, political and social behavior, in…

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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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Socionomics perspective on prohibitions

Positive social mood drives prohibitions of substances such as alcohol and marijuana. Negative social mood drives tolerance and relaxed regulation. Tolerance increased during the bear market of the 1970s, then decreased for 20 years during the bull market. The numbers began to decline sharply following the peak of the broad Value Line index of stocks in…

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Socionomics perspective on music

Music reflects feelings, mood and trends. The first chart shows a stock market cycle (1950-1982) and the styles of music that were popular in the uptrend vs. the downtrend. In the 1950s and early 1960s, as the great bull market was underway, major pop music stars were young and energetic and their lyrical theme had…

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Stocks are sky-high! Should I buy some?

Stocks are in the atmosphere! Dow Jones has made a historical high in terms of price. Should we buy stocks? We at Elliottwave markets do not recommend buying stocks, because in terms of real money (gold), the Dow has been crashing since year 2000. The chart clearly shows us, that since year 2000, the Dow…

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