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, 15 October 2013

Dow Jones $indu: Head & Shoulders?

I know it is all bit too obvious and the stats are against it, but that does look like a H&S to me. Target would be last year's high as marked by circles. Note flat Ichimoku & price being right on the vertical of the Gann Grid, under the 0/100% line marking exact distance of last year's high to low and the underside of the 45 degree line. Permission to drop very hard, granted. Will it do it? We shall see.

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