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

Looks like 8864 was a good place to buy so far and quick enough to move to break even if it does not hold. Given the price envelope perimeter and price action moves thus far into last night's high, either an expanding or contracting diagonal looks to be playing out. Momentum will decide which it will be; the contracting would be better for pyramiding under control, but the expanding would be likely probably be more exciting. If 8864 holds......
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