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

PAYPAL

Monday 8 December 2014

8 Dec 2014 - Another Turn South

So will this turn last longer than the last one at the beginning of December? From my intra-day charts it's looking like it..  The next price target to focus on at the moment is the 2040 level where the 60min 200ma sits.  After that, it will be the 2030 where our Dotted green line resides and also the Daily chart Lower BB line.  Our lower indicators are still on a down-trend so this might have some legs.  Current daily charts are in OS territory, therefore the chances of an acceleration are high and the risk of it is to the downside.

MT: UP
ST: DOWN
PA: DOWN

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