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

PAYPAL

Friday 14 October 2016

14 Oct 2016 - EOD, EOW

Believe it or not, the market with a rally is still bearish.  A reset to a downside bias triggered again today that keeps risk centered on possible failures.  The rally today did not have enough to keep it above the vibration lines on a daily and intra day basis.

Note: Although PA is not applicable at the moment, it does not mean we are safe from any drop.  Most if not all of the Percentage of stocks above their respective MAs are all OS.  Being long at the moment is a liability.

SEN: Bearish (Down Trending)
ST: DOWN
PA: NA
R: DOWN Bias Oct. 14

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