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Showing posts from January, 2006

one more wave down

well, seems after the autumn correction, the VSE market has no strenght to go forward. the second wave for down is present. the last two day, from all the market only three stocks were up. the experts say - there is a lack of financial news and data, people are waiting for the year 2005 results. but, if you are waiting for good results, so why to sell? remember last year - the february started big down wave until june, if i am right. so, what this year will be? compared the prices - during the year, many stocks are lower than a year ago.. and why i was so optimistic about bying and holding?....

For those interested in VSE, Vilnius

Lithuanian Junior Achievement together with newspaper "Business news" organises new invest game!! „My investition“ - the beginning of the game: 2006, 30th January; the end: 6th May. All trades will be virtual in VSE OMX market, at the website of LJA . So, register and try yourself. Sorry for those who does not understand lithuanian. may offer my translation services..

back for good

came back for buying today. did not analyse a lot, the fundamental data of ukio bank, vse. bought a litle. decided that their price is flat for more than a few months. and bought some oil, for the rest of money, not much. there are news and thoughts about coming profit results, dividends, etc. and still, i believe that company is still not evaluated and still cheap stocks should go higher. well, they costed 13litas in summer, then relating to the long jukos process, felt to 9litas, now heading towards 10. it should cost at least 15 in my opinion and the last year dividends surprised me at their amount. so, looking forward for the best from there. on the whole, as one editor said. the market is losing its speed up, today a lot of went back in prices. will see what tomorrow brings.

a litle about Elliot Waves

The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott. Mr. Elliott completed his work on the Principle in the 1930s and 1940s. The main idea of this theory is - that the stock market is influenced by the crowd psychology and moves in waves. It is a detailed description of how groups of people behave - mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. Using Elliott waves is an exercise in probability. An Elliottician is someone who is able to identify the market structure and anticipate the most likely next move based on our position within the structure. By knowing the wave patterns, you’ll know what the market is likely to do next and (sometimes most importantly) what it will not do next. The stock market is always somewhere in the basic five-wave pattern at the largest degree of trend. And the principle may be applied in all time frames. Some of the largest wave patterns span hundreds