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.

Monday, 14 October 2013

Dow Jones $ indu

Looks like 5 waves to me and very close to the 61.8% retracement line already. When this is done, I am counting this as the first leg 'a' in the retracement 'B'. Bottom of that orange 7 day FLD trough at 14800-850 looks good to me for 'b' of 'B', but would need to get past the 14d. FLD at 15000 first. Might get a 'flat' instead into that zone. Down would be great though.
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