Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
Tuesday, 15 January 2013
D'lines
There is a general introduction to my T& D lines in the Weekend Summary, Lines in the Sky (see navigation links on right), so I won't go in to further detail here. However, I thought it might be interesting to see how price action last week and yesterday, has mapped out momentum swing zones for this week. The higher the 'D' line number, the bigger the push and pull factor.
Just to be clear for the holy grail hunters out there, 'bottoming' and 'topping' should not be taken at face value. They need to be utilised in context with the 'T' lines,My-Wave's, SMI indicators and the Elliott Wave counts to give a multidimensional view, in addition to the bigger picture 'D' lines on the daily chart. But interesting nevertheless to follow.
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