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

PAYPAL

Tuesday 11 February 2014

11 Feb 2014

Markets were strong today from open to close.  Price surpassed even the potential target we were looking at yesterday of the 60min 200ma. The impulsiveness since the lows has been impressive, but volume doesn't seem to confirm it.  I believe we are close to a top of some sort.  Will have to see how it forms tomorrow to see if we can make a sharp move lower to keep the MT in the down position.  Our ST is still on an uptrend and this is bullish so we must respect it until it turns down.

MT: DOWN
ST: UP
PA: NA

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