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

Some weakness appearing as the 2pm watershed comes upon the markets. Price has to clear the orange FLD trough there and take out Friday's low pretty sharpish in my opinion, or matters are going to turn bullish for me. The green FLD on the last post will get cut to the upside and the red bar in this chart will turn blue today otherwise. That is the 25 day trend remaining bullish and crossing an already bullish 50day trend line. There would be another check back for sure in due course to test matters but I'd prefer a clean decline today/tomorrow rather than bounce about again before pushing to the upside instead.

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