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

Chart 1: Hull 25Day MyWave - trend is down and price has failed to break back into the old bull channel thus far. Chart 2: Attentuated MA 25Day MyWave has not yet turned down but the gold spine has failed again to hold price this morning and the momentum 'nest' has failed to create a new high thus far. Chart 3: This will get cleaned up honest. At the moment, all of the lines going into my alert system are showing because I am testing the programming in live data. I am counting this move down as a 'c' in 'b' for the moment but that red line is the 1day FLD. The brown line underneath is the 12.5Day FLD. If they both get cut to the downside, I think we see 15000 sharpish where the daily green FLD from the above charts sit.I'll worry about counts again later!

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