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, 8 September 2014

$dax #dax

I banked the shorts going into the 60min MyWave and the median line of the upward channel and am now flat and waiting. The 15min stochs got oversold (not shown) and I am waiting to see what price will do when that is overbought again. There is plenty of room in that hourly stoch for continued downhill, but MyWave is still blue and even if it fails in due course, the bullish bias still holds here for now. I'd love a retest of Friday's high or even a new high to short again, but happy out of it for the moment.
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