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

PAYPAL

Friday, 30 November 2012

30 Nov 2012

Sideways pattern again today, but we now know on a pattern perspective that this should make a higher high next week.  But beware that all we need to do to meet the minimum high is to hit that 1420 on the SPX to be valid.  After that we should make a few days of retracements to relieve the daily overbought levels or continue our downward trend.

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