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

PAYPAL

Monday 7 March 2016

Mar 7 2015 - Final Stretch

Today's end of day dump and pump seems to be the start of the last leg up.  This is the only explanation the impulsive moves that have been occurring today.  EW can explain this with b-wave move up from the morning lows then down for a c-wave move to end the corrective sub-wave move. With the equally impulsive move higher we could only speculate that this is the move that will take prices to near the 200 day MA.  This should not be considered an absolute, but a higher probability that sync's with our signals. Without the intra-charts going into bearish or OS, we cannot say for certain that a change in trend has occurred.  I always us this method to lessen the chance of a fake out when things seems to be turning or weakening in the current trend.

SEN: Bearish
ST: UP
PA: UP



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