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, 23 May 2013

Dow Industrials

Count thus far. In terms of the FLD's, matters seem to be going in a strict sequence here. First, the purple 3.125 D.fld got cut to the downside and price then drove down to the orange 6.25 D.fld before bouncing back up to the 3.125. Then on successful resistance, it cut the 6.25D.fld and then dropped to the 12.5D.fld. Then price has now just tested and thus far been held by the 6.25D.fld. So then, with all permissions to proceed in place, if the 12.5D.fld now fails to the downside, we should get the 25D.fld at 15000 or maybe this time with confidence in the air, she drops right down to the 50D.fld before coming back to the 25Dfld. all good stuff, huh!?
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