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.

Monday, 13 May 2013

Dow Industrials

Readers maybe wondering why I am covering the Dow at the moment and that is really quite simple: it is what I am trading for the moment. I have however, been building an alert system for the twist on the 3day MyWave and as they occur, I'll post the set ups regardless of whether I am trading them. In the interim, the Dow seems to going along with my thesis of last week and has so far rejected the 1day and 3 day FLD's and the 3day MyWave is still in tact to the downside. There is a useful trendline on the 100day MyWave chart and a break should bag a decent haul to the downside initially.
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