Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Thursday, 13 December 2012

Just a quick reminder why I need to keep the upside options alive too. This is the My-Grid from the 1.6037 all time high. In my last 'Lines in the Sky' report, I made a case for significant upside if that wall could be beaten. In addition, there is the red trend line from the 2010 low being played with. This is a key area for sure. I am playing the 4hr My-Wave as tight as I can for now, especially with the daily under pressure from this recent drop.
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