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.

Monday, 1 December 2014

#dax $dax


Having closed this morning's opening gap and tested Friday's closing price, the market is sat above today's open of 9927 and mooching about waiting for the US Open. The 2hr chart shows the linear regression channel from 8351 getting a gentle push on the lower boundary and maybe providing the buying support into this proposed correction. However, the RoC 'flipper' is still engaged and the stochs have trickled under their support, so whilst the corrective channel on the 30min chart holds, my hoped for 9838 zone or lower to buy, still looks possible. Catch up later when something happens.

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