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 9 December 2014

#dax $dax

Price is flaming the opening price this morning, but as of yet, that hourly stochastic has not broken it to the upside. Just in case this is a flat, the 100-123% extension sits just below the prior low of course. For now, the weekly trend lines are all stacked down hill, but flat in reality. Compare this to the 4hr chart which shows 1-3 month trends and they are all pushing up. Game plan remains the same: catch this next low for a push to 10240+.
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