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

PAYPAL

Thursday 16 January 2014

WARNING WE ARE CLOSE... 16 Jan 2014

WARNING -  WE ARE CLOSE
The SPX seems to be forming out an EW 5 wave ending diagonal pattern with a characteristics of 3 wave moves in each wave.  We still have higher highs needed but I would suggest caution...

We also have a reactionary date according to  Cowan at Jan 18th as a 120 deg. between Jupiter and Saturn.  I would give this a couple of days +-...

MT: UP
ST: UP
PA: UP

The Current indicators are on an up-trend and should be followed with caution, but in order to make sure the pattern is correct we should look for a drop right after the 5th wave finishes its 3 wave pattern or its 5 wave ending diagonal in a minute degree.

All signs seem to point to a market that is topping.  How far we go down is still to be determined.  But for now... My Stochastics are negatively diverging on most time scales.

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