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.

Friday, 28 June 2013

Dow: longer picture

My guess is as good as anyone's but I am drawn to the next green hump over on the right: this is the 25day cycle FLD and is a peak, meaning price will bottom/slow down under it, or drive up to it first. It is also right inside the 50day Peak in red. A big picture 1-2, 1-2 would suit the degree of collapse likely in my opinion and why not spend even longer building to a creshendo. Let's see how she pans out then.
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