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, 15 October 2014

#dax $dax

The 4hr continues to coil but with the RSi still red and momentum doing little to move away from the 100% extension line of blue A-B, there is little if nothing to back with certainty. Still feels like a wave 4 correction and with the 123.6% extension lower at 8500 available as a target, I continue to look for strength to sell or otherwise if the stoch line breaks. Catch up when something happens.
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