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


Tuesday, 15 October 2013

15 Oct 2013

The movement the last 2 days is a corrective pattern which suggest we are looking for higher highs in the next few trading days to come.

Main-Trend: DOWN
Short-Term: UP

Our angles have so far been a good predictor of resistance and support.. Will we try for 1695- 1690 tomorrow?  This range is also where the 200ma and the 75 ma are meeting in the 60min chart as shown below.

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