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

PAYPAL

Thursday 24 September 2015

Overnight EW Update BULLISH

The EW count I am presenting at the bottom is a possible short-term Bullish count which still has the index in a corrective pattern.  Depending on how impulsive the next move is and in which direction will determine the validity of this count.  Therefore, for this count to work the index will need to make an impulsive move up near below the 200 day MA at 2035-2040.

This count can also be a very very bearish omen in that a strong move lower once this pattern is complete should be devastatingly obvious.


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