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

PAYPAL

Monday 3 December 2012

3 Dec 2012

Markets managed to retrace the bullishness the past few trading sessions.  We do have a 60min oversold condition for the SPX and we can assume its the same for most indexes as well.  So we will be looking for a more push up since the daily charts stochastics is still in overbought.  Note that we have made a cross down on the SPX daily Stoch. and can continue lower.  Therefore do not attempt to play any long side just yet.

No comments:

Post a Comment