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, 10 January 2013

Dow & EURUSD: 10.25am

Dow pushed past D1 as suggested last night but D2 looking like strong cover here. That SMI pattern suggests a 5th wave diagonal is in play, which might also mean a more bearish count on the EURUSD.
Something like this. I might start looking for shorting opportunities here.
This is the intra-day My-Wave with both 30min & 240min bolly bands at various degrees. Whether bullish or bearish counts apply, price is pushing 4SD on the 30min with My-Wave somewhat lower. Maybe a little Ending diagonal there at what looks like 5 up. You only make money by playing!
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