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

Going to be out for most of the day, so just a quick one here. I am going to run two counts into today's drop: the first as per last night, being the 1-2's downhill but the second being the 'a-b' count with the 5th leg of an ending diagonal in the 'c' leg now in play. The personality of the next wave should help, but given the sharp decline of the last '3', it is possible that the second more conservative count is more likely. Will be around till about 11.30am gmt, so hopefully, matters will be clearer by then.
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