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.

Thursday 18 September 2014

#dax $dax

A lot of bullish counts going on in blog land. Could be of course, but with my 4 hr stochs overbought like that, the ongoing negative rsi trend and the regression channel location if fixed to the 10048 high and well.....might be worth considering shorts! MyWave has not embraced this move up thus far, with the study all compressed until now. Until my 1 hr stoch study unwinds from overbought (not shown), it is a bit of a guess, but no place for new longs in my opinion unless the 9788 high is taken out. Looking to short whilst that 9788 holds. I'll redraw the channel if it does not. Catch up later.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)