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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, 21 November 2014

#dax $dax

Still, no discernible pull back. Here is the likely reason for the strength: a break of the regression channel from the high earlier this year and now the resistance line directly above at 9780-9800 ish. Would expect that channel been exited to be tested in due course, but for now, there only seems to be one direction on this market's mind and the upward facing channel appears fresh to me.
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3 comments:

  1. Anonymous21 November 2014 at 14:11

    Hi Clive. Great analysis...any idea on why it broke again on fundamentals? How far do you think it will fall when it sells off? Shyam

    ReplyDelete
  2. Clive Nayler21 November 2014 at 18:53

    Thanks Anonymous. My Solar Cycle weekly charts in weekend analysis have been providing an extension date into end of next year and there is a 1997 fractal of this big 'abc' down to 8351. Is it Draghi or all built in already? I'll stick with techs!

    ReplyDelete
  3. Anonymous23 November 2014 at 03:32

    Thanks Clive! Appreciate your work. I see a potential mini sell-off early next week?

    ReplyDelete

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