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, 24 May 2013

Dow Industrials

This is just horrible price action - so laboured and defo giving the impression of a 'b' wave but....that 12.5Dfld has been broken and therefore with all the tidying up of the 6.25D & 3.125F fld s already done, I gotta just bite my lip and see if the 25D.fld (green) gets its chance in the sunshine. 15000 is just massive for me so I have put my stops above the 12.5D fld at 15265 and walking away for a bit. If the current EW shown holds, then I'll miss out as price shoots out of the stalls to the upside in wave C or more up, but maybe wave 2 (or 'B' ) is already done in that overlappy diagonal yesterday. Don't know but we will soon find out!!
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