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

PAYPAL

Thursday 9 January 2014

9 Jan INTRA

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.

 

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