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

PAYPAL

Thursday 21 November 2013

21 Nov 2013

Markets are heading higher.  Yesterdays low was the support we were speculating on with 2 angles and 1 ma holding price to time.  We are currently on an intra-day overbought levels, and could continue from todays close.  Our Short-Term signal is still on a DOWN position but my guess is it will turn up by tomorrow morning.

If we continue higher by the start of the market, then start looking for a topping range.  We should look at the angles above marked by a dotted green line.

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

As expected large swings like today have proven to be hard for the Main-Trend to follow, therefore the short-term will be use for now.

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