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, 2 October 2014

#dax $dax

At the 61.8% back off 8902 now and giving it a good test. The 76.4% sits at 9135, with a MA cross over test just above at 9179. I am taking advantage of the cycling lower by selling lower highs over and over, but also to keep me from going long before a reversal becomes clear. The nearer price gets to 8902, the more attracted the market will become to it and I do not want to be on the wrong side of a break there!
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