Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
Monday, 8 July 2013
Dow
Using the 'rough puff pastry' version of the Cyclic Phasing, which looks to monitor rolling 100 trading day cycles only, price is reacting to the 50 day low and will roll into the 75 day low next. I am counting the move up from that low as 'ab-abc' with price still under the green 25day FLD and pushing the 60min bolly band this morning running into the 2pm watershed. Looking for a 1000 pip drop to complete a Leading Expanding Diagonal, albeit it will of course be in an 'abc' - so 'a' into the 75day low and 'c' into the 100 day low.
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