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

PAYPAL

Tuesday 19 January 2016

19 Jan 2015 - Current Progress

Progress of the pattern is still corrective, suggesting more bearishness and possibility of lower lows.  While the rally into close is impressive as a reversal, it is but a blip in a longer trending bearish road.  We should see a low soon, but at this time it is pointless to bottom feed with high risk abound.

SEN: Bearish
ST: DOWN
PA: DOWN


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