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

PAYPAL

Thursday 13 November 2014

13 Nov 2014 - End Of Day Ramp...

Seems markets are being held up at the end of every trading day.  Bears are calling for a top, and looking premature without any confirming indicators.  We could well be, but it doesn't hurt to at least let it play out some more.  Near term any support would be in the 2020 area indicated by a trend line and the 60min 75ma (see below).

MT: UP
ST: UP
PA: NA

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