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

PAYPAL

Wednesday 6 February 2013

6 Feb 2013

Markets did not go anywhere today.  The divergence on the Daily chart is still in place and stochastics trying to move back down with no confirmation of a cross.  Therefore we are still in a Long but getting weaker scenario.  A reset is necessary for longer term highs... short term highs are never sustainable at overbought levels.

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