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

Here is the 100 day cycle chart. See how the underside of the trend line discussed yesterday has been kissed under the pretext of the very obvious triangle in progress. At this stage we do not know which one will win out but there is unfinished business on the daily momentum cluster there to the downside. This is why I am risking being naked short again as more downside risk here than upside gain.
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