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 17 October 2014

#dax $dax

Given my expanding diagonal idea from yesterday got blown out of the water, I have been playing with that count down from 8982, as price has almost got to the 38.2% region of the red 2-3wave and in vicinity of rearranged wave 4. Given current positioning of the RSi at the zero line, I am at least given this some credence - not that this is all of wave 4 if it is at all, but perhaps part of one. Gotta keep thinking....
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