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, 24 September 2013

Dow $indu

Looks like a drawn out but shallow ending diagonal completed a 5th leg this morning with price jumping at the daily FLD cloud now. The 1-2week average band of the Daily Pivot is still clearly bullish, along with the 4hr Ichimoku study. So, the question: was that all of the retracement or just the 'A' leg?  Looking for a test of the fibfan at 15600 ish and worry about that up there, if the cloud and daily pivot can be surmounted first.



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