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

PAYPAL

Monday, 1 October 2012

1 Oct 2012

It looks like we are still in a corrective move up and this current trend down is not done yet.  One thing about these corrective pattern is it rarely shows its intentions.  We do have a daily shooting star candle for the SPX though which could point to lower prices.

Both counts that I have put forward the last few days are still both in play.  The patterns are left to be desired, but we have to follow our indicators.

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