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

PAYPAL

Wednesday 20 May 2015

20 May 2015 - Pattern Complete?

With any analysis, a confirmation is needed.  So hopefully we will get that if we get a break of the wedge formation during the month of May.  With todays high, we would like to label it as complete but for now we can only say that a minimum has been met.  A prolonged push lower with an acceleration into OS would be a nice clue to the ending pattern and a CIT.

So far though the ST still remains UP and would need this to change to a downward position to also confirm a CIT.

MT: UP
ST: UP
PA: NA

Bradley Signal: May 24 - 25


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