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

PAYPAL

Wednesday 8 January 2014

8 Jan 2014

Seems prices are liking the support here between the 20 and 75 ma on the 60min chart.  Our ST has turned "UP".  Therefore there is a little more safety net to the upside.  Todays reactionary day didn't turn up anything, so the next one to watch is on the 12th of Jan Sunday possibly Monday (Trading day).

MT: UP
ST: UP

It is always the best Scenario when both trends are in agreement of each other.  But be reminded that if volatility kicks in, the Main Trend does tend to lag.

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