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.

Thursday 26 September 2013

Dow Jones $indu


If the expanding diagonal turns out to be correct, legs 'iii' and  'v' are meant to be longer than each other an leg 'i'. Therefore we should see a cluster of bottoms in the 15200 area with possibly the 61.8% retracement target of 15129 being the markets goal. Gotta remember to take my shorts off somewhere down there, if this is how it pans out!
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