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

PAYPAL

Thursday 7 April 2016

Overnight Update

There is a acceleration down risk for tomorrow as the indicators enter OS, but the longer-term percentage of stocks above the 50 MA is still very bullish.  This means that signal must stay OS for a prolonged period of time for bears to sustain the move lower.  If the indicator turns back up and out of OS then we could witness a move to new ATH for the foreseeable future.  This is a "Reset" condition.

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