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.

Tuesday 18 November 2014

#dax $dax

Price has continued to push the daily hi/lo channel top all day with the 50% median now at 9282. This is where I dropped my longs yesterday, so a return there will not make me feel quite so miserable! However, it is still quite possible that this move up has been a 'b' wave and that the monthly median nearer 8900 will be part of the retracement of the whole move from 8351. As discussed yesterday, the market will decide which path to take on return to the daily median; I just wished I had held my longs for a little longer.
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