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

PAYPAL

Tuesday 5 January 2016

5 Jan 2016 - Watch This Signal

I'm urging people to watch the intra-day signal tomorrow, which could lead to some nice selling if it hits the OS condition.  I am looking at this recent move up as corrective, with an addition of an ST that is trending down.  Now, we cannot really say this would happen because the intra-day has not confirmed this, and that is why I am urging you to watch the signal for tomorrow.  Remember this downside acceleration will only happen when signals are in OS.

SEN: Bearish
ST: DOWN
PA: DOWN


If we push lower, I would then be looking for a 1960 support.  If this breaks, then bulls should pray it's not a flash crash...

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