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, 19 December 2014

#dax $dax

In the land of the shallow pull backs, I think the Dax reigns pretty high. The reaction to the 123.6% extension and the 76.4% retracement of the ATH to recent low, has been anaemic thus far. More importantly, the 15min stochs (right) are clearly putting in a retracement after yesterday's wave up, but giving the impression that back up is probably more likely than continuing down. Yesterday's high was 9854 and for now that looks like the centre of attention. Back through today's open at 9910 and the 162% extension at 10011 is possibly on.
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