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

I wrote about this zone is the last weekend report and we are here: the daily 20 & 50sma which are both red for sell and also the 85.4% fibfan of the previous swing down. Basically, the first test of this line in the last swing up, failed and we got a new high, but then price broke it on the way down and made a lower low., albeit only just. So, price is testing the line again: will it hold this time around after gapping down last night? We shall see....

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