UK 100 (FTSE) Scratch Count
This count makes a lot of assumptions. I can't find an all time history of the London Stock Exchange in order to ascertain the highest degree of social mood. Therefore, I will make the assumption that the FTSE will fall in line with the greater trend of social mood as does the Dow Jones and S&P 500. Several points of evidence emerge as the 2000 dot com crash, the 2008 … [Read more...] about UK 100 (FTSE) Scratch Count
Gold and Silver Reverses Short Term Trend
Gold broke the December 17th low, therefore, not only have I take the profit on my personal positions, but the primary count has changed. The next probable market action is a 5 wave decline that has already begun. The decline will carve out a C wave that carries Gold below the November 13th 2023 low. The alternative theory remains that a five wave decline will be much … [Read more...] about Gold and Silver Reverses Short Term Trend
Nasdaq Futures: A Critical Juncture
Ever since the high on December 28th, the tech index formed an impulsive move to the downside ending on January 5th. The 15 minute chart below represents the bearish outlook. An impulsive wave containing a third wave extension with satisfying alternation between the second and fourth waves. The retracement, as of this writing satisfied the depth guideline for a second wave, … [Read more...] about Nasdaq Futures: A Critical Juncture
