Tom Scollon

Tom Scollon image
From farmer to high school teacher to successful investor and financial advisor, Tom Scollon's career path has been diverse. Yet this interesting mix has resulted in far-reaching experience in a range of industries and enabled him to enjoy unmitigated success trading the markets. He has invested successfully on the Australian stockmarket for more than 20 years trading equities, options and other financial instruments using technical analysis techniques to determine trends and chart market movements. Tom believes that studying simple trends such as price and volume can reveal much about a stock’s prospects. He uses technical indicators such as “On Balance Volume”, “Bollinger Bands” and “Elliott Wave” to predict where the market might head next. He is a great teacher and in his articles he translates his views into easy-to-understand concepts for all levels of traders, and has thus developed a strong following over the years.

Latest Posts

Most Markets drift except for One

14 Oct, 2019
It is like they drift down the Amazon, watching. There is a sort of calm for now but beneath the calm who knows what lies in waiting.

Media Hype vs The Chart

20 Sep, 2019
Expect to see more shenanigans about oil in the coming months as producers know the world will demand less

Classic Market Top

11 Sep, 2019
the market does not signal clearly when a cliff experience is ahead. It is a bit like death.

Don't Blame China

26 Aug, 2019
When markets are fully or near full valuation they tend to react more to bad news. No particular world event necessarily has a greater tendency to influence a move...

Time to Dive In?

19 Aug, 2019
The other option is that the market could capitulate – or rather investors could. That is, we could see it go over a cliff. Unlikely for now.

Attention - This could be a Fizzer

12 Aug, 2019
The small but vital yellow shading indicates that there was more than an orderly profit taking – there was an element of running scared by some..

Time Frame is Important

5 Aug, 2019
When the market gets to the daily pullback range it thinks before the next move and if the outlook is a little bearish it will continue south...

Unwavering March to the Top

8 Jul, 2019

The journey to this steep high has been different for each market but in general we have seen a fully charged bolt and now a pause as both buyers and sellers take a breather before the next move.

Does Fake News Matter?

24 Jun, 2019
In my trading I don’t really contemplate what is happening in the socio-economic world, I spend my time focussing on the charts.
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