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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.
Thursday, 17 October 2013
Dow Jones $ indu
A lower 4th leg in the proposed contracting diagonal gives a lower 5th wave maximum as leg 5 must be smaller than leg 3. Looking to release longs at R1 15400 and add to shorts. All assuming that the pattern is valid, of course.
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