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, 6 November 2014

#dax $dax

Having completed a close 123.6% extension of the 'a-b' up from 9148, price has already slammed down to hit the 50% retracement of the whole move up. Bit different too yesterday!! Given the short time frame that took, me thinks it is going lower before having a chance at the 9500-9700 zone. The 61.8% is at 9269, although that maybe too deep - keeping an eye on these stochs for oversold on the 15min.
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