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

PAYPAL

Thursday 11 April 2013

11 Apr 2013

I believe we go higher tomorrow but I believe that we are close to a high.  Short position would be played well if the weekly ends tomorrow on an open trend down.  I believe the market is about to turn south.  A few days won't matter at this point.

 
 
Here is another pattern worth noting.  This pattern allows us to move higher for an April 15-19 turn date if the weekly Stoch. crosses up tomorrow.

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5 comments:

  1. Unknown11 April 2013 at 19:52

    i have no position on either side of the market, will sit and watch

    ReplyDelete
  2. Unknown11 April 2013 at 20:06

    i guess the technicals would only work until it doesnt

    ReplyDelete
  3. MP11 April 2013 at 20:09

    Seems to be working fine. The key is to understand your technical tools and how to maximize their process.

    ReplyDelete
  4. Unknown12 April 2013 at 12:59

    im expecting a pull back to 157x, will then buy some calls

    not gonna short until vix $12 gap gets filled; and maybe also see the inverse H&S

    ReplyDelete
  5. MP12 April 2013 at 13:24

    1570 would be my ABC retracement.

    ReplyDelete

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