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.

Friday 31 October 2014

$dax $dax

If the blue 'a-b' is correct, then the 100% extension is 9549. Given the 162% extension of this current leg is only 9422 and at the top of the regression channel from 8351, I am having to assume, this is only 'a' of blue 'C' up. Just puts a different complexion on the shorts in due course. Nudged long for the moment to see how close we get to that 9400 zone.
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