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, 20 September 2013

Dow Jones

Moved to net long here. Price back to 85.4% fibfan of prior upward move with positive divergence and S2. Break of fibfan of this move down will confirm, but that is 120 pips away at 15686, which is a good outcome, even if it bounces back down. Notwithstanding the push for a top, the Pivot Trend Line is still moving uphill and any support here may set up a useful strike up to roll into shorts again later.


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