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


Friday, 2 August 2013

2 Aug 2013

There was no Intra-Day Update today because yesterdays buy signal was still intact.  The signal was reinforced by prices making higher prices before the end of day.  The uptrend is worrying, since the weekly, daily, 60min charts are producing divergence altogether.  But regardless the trend is still UP.

Main-Trend: UP
Short-Term: UP

Note that on a monthly basis our price is sitting above its Upper BB line.  A monthly reversal candle would suggest a deviation from this upper line and start a decline.  But we would need to wait till end of month for this to materialize.

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