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.

Monday, 13 May 2013

Dow Industrials

Given the absence of all but one 3 day trend signal this morning (AUDJPY), it has to be said matters are slow. As such, it is perhaps wise to consider the mooching as 'b' wave corrective type price action all round and therefore this is how I am counting the Dow off the top at the moment. I know I am bias short, but the 3day MyWave is still down despite the spiking. Might be more upside to complete this leg up, but as long as the top holds, this is where I am at.

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