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

PAYPAL

Monday 5 January 2015

5 Jan 2015 - Continued Weakness...

On Friday as the ST turned the bulls were in a bit of a bind.  Not yet critical but certain indicators have broken down.  The daily MACD has crossed down and now needs to cross below the zero line to add to a confirmed bearish trend.  But before this could happen, prices need to pass the 75 day MA (2007) and the lower BB line which sits on one of the important trend lines (1980). 

MT: UP
ST: DOWN
PA: DOWN

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