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

PAYPAL

Thursday 12 March 2015

12 Mar 2015 - Rally Expected..

Yesterday I mentioned a rally could occur but that a corrective pattern yesterday indicates that we should see further downside moves.  This stance has not changed and one of our analysis has been met.  Now the question is if the intra-day signals will move out of the OB range that it is in by tomorrow.  If it does, it would be safe to assume that lower lows will also be met.

The ST is still in OS territory so this still gives us a probability on our bearish sentiment.  Exits should be if the ST changes trends.

MT: DOWN
ST: DOWN
PA: DOWN


This is the ST chart showing Profit / Loss based on the CIT signals.

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