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.

Wednesday 17 September 2014

#dax $dax

Hourly is overbought now and overall, I think price is trying to make it to the 61.8%-76.4% retracement of the drop from 9788, which gives us a target of 9713-9741. I got pipped this morning at 9696 due to the spread on my longs, so I am slightly biased in wanting to see those higher numbers to let them go at a profit. Unless there is a stab higher to take out the 9788 high, I am looking to be short if the opportunity arises, but higher please.
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