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

So following on from my explanation of my interpretation of Hurst's FLDs in the last EURUSD post, here is the Dow....a green 3.5day trend but the 1.75d.FLD plateau's at 15155 and is under the daily pivot. Given the 61.8% retracement already and the apparent five wave ride up, that plateau looks suspect to me and I am selling into it rather than waiting to buy on landing.

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