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

PAYPAL

Monday 19 October 2015

19 Oct 2015 - Soon or Swoon

With prices reluctant to go anywhere, you can be sure that it sees the 200 day MA just above it with a 75 day MA supporting it.  It will have a decision to make and it could be a swoon for the bears.  With negative divergence in the intra-day level along with OB, and wedging formations the turn around is near.  The question is, what will the push down look like and how strong can it be.

SEN: Bearish
ST: UP
PA: NA


No comments:

Post a Comment