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, 23 May 2013

Dow Industrials

EW count updated on basis this is wave 2 or B up. Have shown the larger timeframe with the 25Day MyWave (not Hull version) with just 1 & 2 for now. However, given the momentum cluster at the bottom, this might just be only 'a of '2' or 'a of B', so the next leg down is key. Hard and fast or not as the case maybe. As an aside, it is worth noting that 162% extension of the current proposed 1-2 sequence takes price down to the 200D trend line at 14687. That number again!
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