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


Friday, 12 August 2016

12 Aug 2016 - EOD, EOW

Nothing significant on a daily or weekly basis.  Weekly is still bullish and OB without any negative divergence Other than the Pring parameter MACD.  This does not mean we are safe from a bearish turn as can be seen in the daily negative divergence.  Since this is much more reactive, swing traders should be watching this time frame for culling evidence that a CIT.

The dates to watch based on Cycles are: Aug 26 - 30 & Sept. 9

Key dates?  We will be watching for a convergence of activity, signals, and momentum towards these dates to see if the RISK for a CIT has increased.

SEN: Bullish
R: Aug 11

Note: Last year around Aug. 10th I warned about the 1618 day cycle that was approaching and to expect some type of move.  We are now 365 days from that (1984 days).

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