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

PAYPAL

Wednesday 30 October 2013

29 Oct 2013

We seem to be making lower highs on the hourly chart, which could mean we are in a new trend.  Whether or not it is short term or medium term still needs to be determined.  A continuation tomorrow would be a good sign.  There is a Nov 1 reactionary date and for most cycle analyst it is a very important one.  So keep your eyes peeled...

Main-Trend: UP
Short-Term: DOWN

Our angles seemed to be still in control of prices, and two of those are holding up prices in the SPX at the moment.

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