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

PAYPAL

Monday 20 April 2015

20 Apr 2015 - Volatility Strikes Back

It is hard to say what the pattern is on this impulsive move up, but last week I indicated that a ii-wave (Blue) could retrace close to 100% of the wave- i move.  This EW pattern is valid so long as it does not surpass the origin of wave - i.  I remind those again that there is a Bradley date on the 22nd of April so we are a day or two away from a possible CIT, which I recommend for everyone to start watching their indicators for weakness or strength. 

ST still remains down, but could change tomorrow if prices push higher.  Either way there will be answers in the coming days.

MT: DOWN
ST: DOWN
PA: NA

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