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, 3 October 2013

Dow Jones $indu - Cyclic Phasing

This is the updated chart from the weekend report. The 80day cycle continued to dominate the trends but is well into its trough now and the 20day and 40day bottoms have been due for a few days now as can be seen by the lines in the sub charts. Although the 80 day cycle has some ways to go yet to find its bottom, we should be about there on the first drag down for the retracement back up to kick in. I am long and have been buying in to this latest drop with zest.

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