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, 10 October 2013

Dow Jones $indu

Almost at the 38.2% retracement of the move down; price envelope is facing downhill with the pivot median at 14915, which is red for sell. Hourly momentum study continues to run overbought but being largely ignored, although looks like an expanding diagonal in 5th of 5th. Have faded in small increments anticipating return to regression channel breakout - maybe sorely disappointed!

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