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

PAYPAL

Tuesday 6 January 2015

6 Jan 2015 - Syncing Feeling..

The MT has also turned and I would have posted it last night but doing so without confirmation would have just made an ass out of me for assuming that we would continue lower.  Since we are in a negative view of the markets now, the perfect way to top it off would be for our daily MACD to cross below the zero line.  I would be assuming since the histograms are already in negative territory that the MACD will eventually cross it, but confirmation is always best.

Todays selling pressure was not good for the bulls.  The next stop for us now that we have passed the 2007 level would be the 1980 level.

MT: DOWN
ST: DOWN
PA: DOWN

No comments:

Post a Comment