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 27 September 2013

Dow Jones $ Indu

So that collapse yesterday occurred exactly at the lower threshold of the big gap up from two weekends ago now. I thought it might be a 'b' leg down but this action since suggests it might also count as an expanded flat in response. The dribble down of course does not yet fit with a 'wave 3 is underway', but if my currency pairs do print a 'c' wave down, then some softening here in' risk off' trade may work out fine. I'll stay short the Dow and wish for something chunky, although I very rarely seem to get a clear run with this index and it may just have been a 'b' leg as discussed.

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