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.

Sunday 19 April 2015

Dax Review 19th April

Well, the index softened this week, but I do not think we have seen the end of blue Elliott Wave 3 yet. Here are my counts on the monthly & weekly charts:


 
 
Price made it to the lower band of the green bollys on the daily (20x2) below but would expect more rolling up the green dashed pitchfork (above) to tease the early shorters to distraction! Given the monthly count, not much to do but buy weakness but would prefer the daily stochs below to be pointing uphill or get to oversold as per last week's post.



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