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


Tuesday, 20 January 2015

20 Jan 2015

The pattern I spoke of over the weekend is still in play and indicators still point down.  Many have been calling for a break of the 2000 level.  I believe if it does break that the 200 day ma would be the next level to watch.  Remember though that during the Oct 2014 correction prices just buttered through the 200 day ma.  So for many who might want to be buying the dip thinking the support is at the 200 day ma should wait for a confirmation before buying it.  But this is still quite a distance even with prices looking corrective the past few trading days.


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