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, 7 November 2014

#dax $dax

After yesterday's pull back slam dunk to the 50% retracement from 9148, price has meandered back up and is sitting in the 100-123.6% extension of the 'a-b'. However, the 61.8% retracement from 9148 sits at 9260, which is also yesterday's low. Given the time taken to do the rise and fall yesterday, and the placement of the hourly & 15 min stochs, I am looking for that 9260 area to look long for that 9500-9700 zone. Will the market fall in or will it push to the 9500 zone first.....?



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