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.

Tuesday, 4 June 2013

Dow Industrials

Short again here. Price has gone no where in nominal terms for a while but under the surface, a lot has happened in Cyclic analysis terms. I'll post a full Hurst analysis tomorrow if I get time, but in the interim, price has managed to 'cut' the 12.5D & 25D fld s and if this retracement holds under them, then the 50D & 100D fld s look on to me. I had been worried that the 1-2 counts would overwhelm the diagonal and triangle counts late last week and so it has proven. I am running with the current count and looking for 14850 quite quickly, near the 200D trend line.
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