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


Wednesday, 7 August 2013

7 Aug 2013

Lower low today was hit according to plan.  The question now is if this is the short term bottom we have been looking for.  The EW patterns after the low seems to confirm that making 5 waves up, but as always indicators still bearish.

Main-Trend: DOWN (Unconfirmed)
Short-Term: DOWN

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