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, 7 February 2013

US Oil: 1.23pm

Slight tidy up of EW count. Given the price action has been timid till now, I am continuing to push for that to have been a 'b' wave, with the 'c' portion of that likely to end at the 1.62x extension (approx 96.905). If this be the case then the 'C' leg 100% extension of 'A' would be right under the high at 98.04. Neat if it works out. Regardless, I managed to keep hold of shorts and will see how the drop pans out. Anything strongly through 96.905 and I'll hang on in there a bit longer.
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