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


Monday, 5 August 2013

5 Aug 2013

The Intra-day sell signal did not materialize into something worth while.  Since it is intra-day traders should have exited their position by days end.  Tomorrow should see us continuing our trend down ward but the overall trend still shows that we are on an uptrend.

Main-Trend: UP
Short-Term: UP

On an EW basis we should see one more stab up for a high before any talk of a down turn happening.

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