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.

Monday, 29 September 2014

#dax $dax

Quick reminder from the weekend report: price is testing the regression channel lower perimeter up from September 2011's 4962 low. That is a fair length in time to make this line in the sand of worthy note. We are also at the cross over of the regression median line down from 10048. I do not know if we are going to push down into a zigzag or pull up short and maybe move sidewards in a large triangle, but if this zone breaks, I'll not be fighting it downhill, until price bottoms out. For now, all the MyWaves from the weekly chart to the 15 minute are all red on my screens, so maybe 9300 would be an interesting/safer place to look at price action for anything northbound building, rather than being too early.
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