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

PAYPAL

Wednesday 5 February 2014

5 Feb 2014

Today we made a lower low in the SPX.  It could be a bottom, but I don't feel that the patterns made to get that low is convincing enough.  The intra-day charts are pointing down and all indicators are still down.

MT: DOWN
ST: DOWN
PA: DOWN

So based on my doubt, this is the only way I can explain a pattern that would keep us in a down phase.

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