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

Getting very punchy now. Price made it under the 1.75d.FLD but has used a lot of momentum time to do so. I got a sneaking suspicion that we may have only seen leg 2 in wave 5 up - expanding diagonal on the way? I closed out all my shorts in profit and used the gains to clear out as much of the hedging; so I am flat going into the Asian market but with much reduced margin utilized. If the price action can roll matters around to the upside over night, it might be possible to catch most of leg 3 up in the ED. Back in the morning.


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