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

Well, if it is not going to be a triangle or diagonal, then now is about the time to come down. (I have only shown the triangle and diagonal counts for now on the bigger chart). I make that 5 waves up in a 'c' of an 'abc' with gap closed, as marked left and right by circles. There is enough retracement firepower in the momentum clusters to see something downhill stick but confirmation is the key - either way that is!!
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