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


Thursday, 9 January 2014


2pm:  Bias is still to the downside.

1pm: We will know if the downward push for the day has ended by 2pm.  A higher low intraday would also be a clue.

10am: ES still weak and still have a bias downward.

The ES is having a hard time trying to make a higher high, and the 60min chart suggest a downward bias. Be careful of any long sentiments as wave counts can put us in a possible B wave or 2nd wave of some sort.


No comments:

Post a Comment