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 16 December 2014

#dax $dax

Direct hit on the 50% retracement from 8351 to the high, but nothing broken for this downward trajectory as yet. Looking at the regression channels of this move from the high and the 'b' wave, there is a neat looking contracting diagonal rolling down to the 61.8% there. I just wonder, if a possible set up for a Santa Claus rally, might see something a little more climactic, spiking down to the 76.4% first? For now, that last zip down needs digesting.
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