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, 23 July 2013

Dow

Not a lot of need to write too much at the moment I Think. On the hourly chart, it does seem that we are at the end of a 5th wave extension, being a contracting diagonal in the 5th wave of an expanding diagonal. Very messy but there you go. Whether or not this turns out to be a 5th leg up at a larger degree or a 'b' leg is another matter, but still looking for a shift downhill to clarify matters into the 25 day low.


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