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

PAYPAL

Thursday 31 December 2015

2015 Ends In The Guillotine

The only one that survived 2015 was Tech.  The SPX and DOW has ended its 3 years of positive closes.  Although there is no rule that says the following bar should be bearish, it does not lend itself to anything good when you couple this with weakness in all aspects of the world economy...

SEN: Bearish
ST: DOWN (To close the year..)
PA: DOWN

The fact that both ST and PA are in SYNC is not a good sign to start the year and with a bearish sentiment, one could only imagine, but enough gloom.. HAPPY NEW YEAR... Bears..

No comments:

Post a Comment