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.

Wednesday 17 December 2014

#dax $dax

Been a bit of a mooch since yesterday's rise. As I discussed then, I was working on the basis that we would get a 'b' wave pull back, and I wonder if we have already seen the 'a' leg of the 'c' leg in the form of a leading diagonal. All a bit messy but price is holding above the open at 9440 for now, and perhaps looking for shorts up in the 9650-9750 zone is the strategy to play. If the retracement of yesterday's rise to gets some wind, then buying lower would also be on the cards.
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