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

PAYPAL

Monday 14 April 2014

14 Apr 2014

I believe we are in a corrective phase on an intra-day basis.  This means that, I am expecting lower prices down the line.  I am in the belief that this retracement can go much higher but should not pass the high made on April 9.  So far nothing on our indicators has changed and have actually stayed at the oversold range which is susceptible for price acceleration to the downside.

MT: DOWN
ST: DOWN
PA: DOWN


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