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

Price hitting the 61.8% retracement zone of the move down. I am adding shorts here to take me up to half allocation. Price is at the top end of its price envelope and in 5 distinct waves with 5 in the 5th. Maybe more to come but I'll take my chances of a re-break of that FLD sitting to the right of the regression channel vs ongoing highs.

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