GBP/USD outlook: In the long run, we are dead

Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott Wave Principle point of view, it did not seem...

Follow up on question for readers

I have received scores of responses, and some of the suggestioins were very insightful. Thank you! As a token of my appreciation, I am going to send each one of you who has responded (and those who will be responding soon) a special update later today. If you don’t...

Elliott Wave Analysis of Swiss Franc USD/CHF

The last time I wrote my Elliott Wave Analysis of Swiss Franc or USD/CHF was back in 2008. Guess that was a long-enough break! If you are trading the USD/CHF, or if you are a corporation exposed to the Swiss Franc’s exchange rate movements, then this post could prove...

A question for readers

Hi folks, Over several years a lot of people have asked me what book I recommend for them to learn Elliott Wave Analysis. The standard reference book has been Mr Prechters work, and I have pointed readers in that direction. However, there seems to be a lot of interest...

Elliott Wave Analysis of Shanghai SE Composite Index

Elliott Wave Analysis of Shanghai SE Composite Index reveals a five wave rally that completed at 3478. That level was just about 38.2% retracement of the whole big move down from 6120 to 1655. If you examine the internal waves of the rally to 3478, you will see that...