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, 5 July 2013

Dow

As discussed earlier, price would probably be making its decision at the monthly median zone circa 15000 and here we are. The momentum cluster looks like it has only just got going here and the 60min bolly band has been brushed aside thus far. Next ledge looks like the trend line at 14900 which if broken, should usher in further acceleration. Whether it would do that tonight, is another matter, although the 4hr bolly is at 14800 and might make a comfortable bed for the weekend. I make the 'b' leg of a possible expanded flat at 139% of 'a', so just possible this is the big ' b down to test the prior low.  I'll just keep following it down with the 1.5625 day MyWave and hop off if it collapses.


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1 comment:

  1. Anonymous7 July 2013 at 12:53

    Hi Clive, any dow update since friday night rally please?

    ReplyDelete

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