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.

Friday 19 September 2014

#dax $dax

Well, that was emphatic and put pay to any bearish count. I have been looking for a retracement in conjunction with the hourly cycle, but it has not appeared yet. I'll only feel safe going long when that cycle bottoms out and I can compare the risk to the 9587 low, but I guess I am not the only one! The next line up in the grid on the 4hr chart is 9903. Perhaps something corrective will begin there; if not looks like the top is at risk.
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