“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Monday 10 December 2012

10 Dec 2012

Markets seemed weak today.  We failed to make a new high on the SPX and put it a doji on the daily bar.  It has sat under the 75MA for 2 consecutive days now and the longer it sits there the more chance it has of reversing.  Although we don't have a divergence I would allow for that possibility with a chance for a turn tomorrow to the downside.

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