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

PAYPAL

Thursday 28 January 2016

28 Jan 2016 - A Bit More Detail

Seems prices are subdividing patterns and time.  While we are in following two strong possible EW patterns, it seems that we have to wait a while longer for the true intention of the market.  The sideways movement of the market today suggest that a lower price is setting up, but the anticipated lower move can be an extension of a c-wave of B.

The ST has not changed its direction and we should look for a higher prices eventually once this small sideways move is over, unless we get a change soon to the downside.

SEN: Bearish
ST: UP
PA: NA




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