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.

Wednesday, 29 May 2013

Dow Industrials

I have been having a good run: looks like the market is in tune with my thinking!? Having said that, this is where the mistakes normally occur, so looking to move stops up on longs as soon as a 'b' wave looks done to the upside. As I covered this morning, a triangle or diagonal looks about right, so a new high either way in due course. Hence my focus has switched net long instead of naked short, but I am not going overboard uphill given the proximity to something nasty lurking in the hallway. I'd prefer an ending diagonal, so that we can get on with the downhill bolt, but more likely we get the triangle and more procrastination at 15500-15510, me thinks as 'd' ends and 'e' comes back into the triangle body (if I have the count right - not shown on chart). Anyhow, a fair day with AUDCAD & GBPAUD and I am holding gains now on the Dow longs too. Catch up later.

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