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

Still looking for clarity on EW counts - is it a 5th in a diagonal for 'c' being made or a series of 1-2's? Price is on the bear side of the green 25day FLD and 50% brother of 12.5D. The 25D Mywave is down (see red bar at bottom of chart), so all is clear for the 50D fld. But just in case we get a '3' I have moved my limit order to 14500 - just above prior 4th wave. You just gotta hope haven't you?
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