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 28 November 2014

#dax $dax

I am out for the day in meetings, but just thought I'd post the two hour chart again - the divergence throughout this diagonal is clearly visible on the MSCD, RSi, ROC and ADX studies. With the 76.4% extension of grey 'A-B' already hit and the 162% extension of green 'a-b' just above, I'll stick with the attempts to short this high. Only small allocation, as it is expected to be a correction, but I'll take 9850 today if it is coming my way.
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