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, 3 September 2014

$dax #dax

Well, the daily cloud is still bearish and for all the excitement this morning, my stoch & rsi studies are still showing negative divergence into this peak. Price is between the 61.8%-76.4% retracement lines of the move down. All in all, I prefer attempts to short rather than break outs to the upside, as long as that cloud holds.
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