IBM: Elliott Wave Analysis

In his recent update in Forbes, John Navin mentioned IBM as one of the old warhorse stocks that is providing leadership in keeping the market well supported. John has some very good instincts and is an engaged partcipant in the US stock market. My being removed from...

Last Hurrah for Gold this season

It is always a tough call to say we will get a 30% sell-off when all systems are pointing higher. However, as a battle-scarred veteran practcing Elliott Wave analysis for over 25 years, I will be remiss if I don’t point out that Gold is in its fifth wave within an...

Silver Outlook: Elliott Wave Analysis

The recent sharp swings in Silver has caused consternation among traders and investors alike. What is the outlook for this metal? In the last Elliott Wave Analysis of Silver, posted on 24th April, we saw a case made out for a test of the $50 level. It reached 49.51...

Sterling Pound Short Term outlook: update

Early this morning I suggested that the 5th wave will extend. Why? Typically, at least one impulse wave in a five-wave sequence will experience an extension. As the first and third waves were of normal proportions, we were on the lookout for the 5th wave to extend....