Dow Jones and the extreme bullishness

It took the Dow Jones Industrial Average only a little over two weeks to step back from the all-time high of 17 148 to as low as 16 434. To be exact, it was a 714-point sell-off in just 12 trading days. 317 lost on July 31st alone. If you are getting nervous while reading…

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MEDIASET and the power of Elliott

Four and a half months ago, on March 15th 2014, we published a forecast of MEDIASET, called “MEDIASET to reach one last new top”.  All we said in that article is limited to this: “On the daily chart of MEDIASET we could see one of the clearest impulses. It shows that wave (5) looks like…

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Daimler AG, what a forecast!

On May 2nd 2014 we showed you a forecast of Daimler AG stock, saying that “we are expecting a third leg up in wave (c) of (2)/B, before the downtrend resumes. This count would be invalidated, if Daimler AG goes above 71.25, while the minimum downside target is below 63.95.” The chart, on which this…

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Herbalife rose, despite Ackman’s attack. Why?

If you follow the logic of cause and effect, which by the way coincides with the logic of fundamental analysis, you would expect the price of a stock to rise in case of good news for the company and to decline, when bad news are released. For the human mind, this chain of thought makes…

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ASX 200, prepare for the worst

Those of you, who have checked our Education section, have probably seen the article about ending diagonals. It says, that this is a reversal pattern, occurring in the position of wave 5 or wave C. Elliott wrote, that ending diagonals are often followed by a “swift and sharp reversal”. Having all that in mind, take a…

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CAC 40 could be in trouble

According to The Elliott Wave Principle, five-wave sequences show the direction of the trend. Those patterns are called impulses. After every impulse, a correction should follow. When it is finished, the trend could be expected to resume. If we take a look at France’s CAC 40 index, we could be able to recognize the above-described Elliott…

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NIKE Inc. locked in a triangle?

NIKE Inc. stock has been trading in a range between 80.30 and 70.00 since December 2013, without going to a new high or a new low. There is one Elliott Wave pattern, which comes into mind, when we see this type of consolidating price action – the triangle. Triangles precede the final movement of one…

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Autodesk Inc. is a bull-trap right now

Autodesk Inc. stock started its uptrend from 28.00 in August 2012 and is currently trading slightly above 57. Almost 30 figures of steady rise in under two years is more than enough to convince the majority of traders and investors, that this stock is a good choice to invest in. However, we have said it before…

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Brazil ETF just as planned

On June 27th we published a short article about the Brazil ETF index, stating that there is a perfect 5-3 Elliott Wave setup waiting to be caught.  “If this is the correct count, the 50.00 mark is supposed to be exceeded by the Brazil ETF index. This scenario would be invalidated, if prices go back to the…

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BNP Paribas to find support soon

In the middle of February BNP Paribas stock reached as high as 61.80, but was unable to keep that bullish momentum. Currently trading around 50.00, the time is appropriate to check how low prices could extend their downtrend. It is a very interesting sequence on the 4-hour chart of BNP Paribas. Starting from the top we…

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Flextronics, a pattern to worry about

Flextronics International Ltd. stock has been in a strong uptrend since November 2008, climbing up by more than 10 figures from 1.30 to 11.47 so far. It is a rally quite impressive. Unfortunately, in the middle of this bull-trend there is a pattern, which carries a message to worry about. Triangles precede the last movement of…

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Russia’s MICEX rising despite the conflict, why?

“We will now use the opportunity to warn you, that the fundamentals are likely to be suggesting an endless bear market and the conflict will probably be at its worst. Prices should start rising despite all that.” This excerpt is from an article called “You do not have to wait for Crimea”, which we published on…

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Nikkei, do not believe the rally

Nikkei formed its last major bottom around 13820 in the middle of April 2014. Afterwards it began a rally, which managed to convince many, that the top of 16330 may soon be exceeded. However, no Elliottician starts buying simply because of the rising prices. If you are curious enough to walk through our Education section, you have…

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Anglo American, fake recovery in progress

Anglo American stock topped at 16.78 on May 13th and bottomed at 13.91 on June 13th. A decline of almost three figures in just one month, but if we look at it through Elliott Wave perspective, we may come up with an idea of the probable future development. On the 1-hour chart of Anglo American…

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Procter&Gamble, reversal ahead

Procter&Gamble lost almost 4$ of its share price, declining from 83 to 79.10 during the last two months. If we take a look at the wave structure, we will see a clear five-wave impulse, so according to the Elliott Wave Principle, we should now expect a three-wave rally. Our bullish expectations are further confirmed by…

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