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.

Wednesday, 26 June 2013

DOW

Price has moved down overnight and is sitting close to the trigger line off the current retracement's Pitchfork. A push through here should 'trigger' ongoing losses, although quite possibly this is a diagonal and needs an 'e' leg first. Very pleased with the price and timing rejection last night as fits all yesterday's analysis with price holding under the 100dfld (pink in second chart) and the median line of the top to retracement Pitchfork, setting up that further declines if the market so wishes to oblige.

No comments:

Post a Comment