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, 30 May 2013

Dow Industrials

Not a lot happened overnight bar the sidewards motion. I have been looking for a 'b' wave and this could be it, if price breaks up. I have shown both the ED & triangle counts now which still seem to match the momentum cluster on this chart. If we do not see that spike up, then the odds of this being a series of 1-2s to the downside comes on the table. But for now, I have banked my net longs and gone 'flat' here until something kicks off in either direction. In the interim, I'll let my AUDCAD trade mature this morning.
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