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

PAYPAL

Tuesday 12 February 2013

12 Feb 2013

The 60min. SPX chart made its minimum divergence and has made its way out of the overbought range.  Based on this indicator we should see the SPX and market move lower tomorrow.  My guess is that tonight's STATE OF THE UNION wont be very bullish for stocks tomorrow.  But anything can happen I guess.  So I will just follow my indicators and go with a downward direction.

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