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, 22 October 2014

#dax $dax

Price is pushing the price envelopes and the trend from yesterday continues. The 100% extension of the blue circled move yesterday is 9013, which is the next step up. But with that being the 9000 line, there is likely to be some excitement I am sure. Holding above 9790 support will keep this move alive, and nearer there is where I'd like to buy, but if we do not get a retracement before the move on 9013-9089, I'll have to try shorts instead.
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