The S&P 500 Index fell to the major support, which I had identified at 2590. The low on the hourly chart on 10.12.2018 was registered at 2298.98. The internal wave correlation within the decline from 3.12.2018 suggests thatRead More
Novartis has reached an important resistance at 93. At this level the rise from 27.6.2018 was equal in length to the advance from April 2016 toRead More
Following the US-Chinese trade agreement the S&P 500 Index has gained more short-term strength.
It is now close to the
I don’t know if you remember. One year ago, in my Chart Outlook of 14.12.2017, I did forecast that the BITCOIN would peak around 20,000. I also wrote in my Blog on 24.12.2017 on this forecast. You just need to scroll down to “older” and you will find my blog entry.
As we all know, the Bitcoin peaked in December 2018 around 20,000. I was even quoted in the Onlie-BLICK (!) for this forecast.
It is always sad to see investors suffering, when a bubble is bursting. It is not funny to see the Blood, Sweat and the Teers, when a stock collapses and loses 75% from its peak.
This is what has happened to the stock of AMS.
Swatch has traced out five big upwaves from the low in 1995. The fifth upleg peaked at 606.50 on 28.11.2013, close to five years ago. Since this all-time highRead More
The name TITANIC was derived from Greek mythology and meant “gigantic”. The TITANIC was thought to be a ship that could NOT sink. But, evil tongues said thatRead More
Starbucks reported better-than-expected earnings and same-store growth.
I recommended the stock to BUY un my CHART OUTLOOK already on 17th October 2018 at 57.90
For much of 2018 I have used the chart of Amazon in my presentations as a textbook example of a BUBBLE. The two lower chartsRead More
The page of the S&P 500 Index is reprinted and updated from my latest Chart Outlook, in which I stated that the S&P would be downgraded medium term if the support at 2840 was broken.Read More
The present decline in AMAZON could be an irregular Elliott-Wave FLAT.
Wave C will be 1.618 times the length of Wave A at around 1735.
Becasue I correctly identified the Elliott Wave FLAT correction in Novartis, which played out fromRead More
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The chart nicely shows the buidling of the bubble in NIKE. It originated with a stock price around US$ 0.15 in the 1980s and it rose to the present level at US$ 82.40.
The company and the stock have attracted media attention by
Like most other stock market indices the SMI entered a correction in January 2018. And, it recovered from this correction thanks to Nestlé, Novartis and Roche. Since 7th July it has again corrected and the question isRead More
he Stoxx 600 continues to selloff. It appears to have just completed a TRIANGLE.
A break of the Fibonacci support levels 379 to 378 is likely to