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

PAYPAL

Wednesday 16 December 2015

16 Dec 2015 - Lit-Er-Rally

Prices are taking off as per FED.  Question now is.. Actually a few questions now is;

1. What will China and EMs do.
2. What are price rally really saying? Getting out or getting in...
3. Who will be stuck with the Trillion dollar collection bill? As per ZH.

No reversal daily candle, ST in the UP position with no negative bias.  This might take a few days to take in, but as the market is suggesting everything is rosy, and top that off with a closing above the 200 day MA.  So today, we should not fight this sentiment.

SEN: Bearish
ST: UP
PA: UP


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