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.

Friday, 10 May 2013

DOW Industrials and EURJPY

A quick look at the daily charts overlaid and one can see how closely the risk on/risk off trade is similar with these two asset classes. I have pulled off a screen shot of the two together, side by side, showing the momentum cycles in the subcharts across various timeframes. Bottom line: when these do decide to finally cave in, there is a lot of energy built up there for the ride down. Had a lonely week indeed, waiting, but I'll take the rewards when the market decides to give them to me.
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