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

PAYPAL

Monday 15 April 2013

15 Apr 2013

Gold has been bed new for everyone today.  Can't say no one was not warned who read this blog.  The SPX closed with a Daily trend down and our Mid-term review from Friday said we were still on a down trend despite the higher highs explained only by a divergence.  What's more important is the daily MACD closing the day with a print closed down.  All trends point down, and may not be over.  We will let our indicator tell us when the time comes.

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5 comments:

  1. Unknown15 April 2013 at 22:18

    spx bounce back to 1570 area, fall more from there

    agree? lol

    ReplyDelete
  2. MP15 April 2013 at 22:39

    Maybe 1565.. This would be ideal for us to want to see a 5wave down and call it a bear signal.

    ReplyDelete
  3. Unknown15 April 2013 at 23:26

    i just somehow dont see the market going to test its highs.....only a lower high expected and down it goes

    ReplyDelete
    Replies
    1. MP16 April 2013 at 09:19

      Its possible, but I would have to see a nice pattern or substantial indicator breakdown for me to call any sort of top. This is why I just play what the indicators are showing While looking for that top or start of the new trend.

      Delete
  4. Unknown16 April 2013 at 13:02

    will buy some shorts tmr
    vix weekly indicators are crossing over
    tlt weekly MA crossing
    other major indexes are now diverging

    ReplyDelete

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