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

PAYPAL

Tuesday 6 May 2014

6 May 2014

ST has turned bearish.  But the pattern might still suggest a run up is still possible until the low made last week is taken out.  Ultimately our indicator will take priority, and will depend on the intra-day movements tomorrow.  Currently intra-day charts are in oversold territory and could still be that way throughout the day tomorrow. So watch for a rally to void this view.

MT: UP
ST: DOWN
PA: NA

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