Prepare for a further 25% loss in Glencore PLC share value

There are strong Elliott Wave reasons to think Glencore stock (GLEN:LSE) is all set to continue its dive in the coming weeks. The decision by Qatar Holdinigs to seek improved merger terms sent shock waves up the spines of those who were hoping for some stability in...

Elliott Wave Analysis of GBP/USD 8 Aug 2010

Are we going to see a test of 1.6170 directly? and If we do get there, will we get a 10-big figure decline from there? These are some of the questions that the Wavetimes watcher must be having. Elliott Wave Analysis of GBP/USD suggests that so long we we stay above...

Ending Diagonal Trangle in S&P500 index

On 1st April, when the S&P500 index was at 797, I suggested that we will get  a move to just short of 850 but that will be about where the rally will fail. After reaching 845 on 2nd April, the market has been gently easing lower. The analysis done on 1st April...

Harmony in markets

One of the key take-aways from Elliott Wave Analysis is that there is an underlying harmony in the markets, even though it appears chaotic while the moves are happening. It requires some effort to determine where the likely pressure points are, and a lot of guts to...