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

PAYPAL

Wednesday, 16 January 2013

16 Jan 213

Our 60min stochastics moved in the direction as planned and since we are in overbought we could turn around anytime.  The reason I raise this scenario also is that we are forming a wedge here that could be an ending diagonal triangle that could start the process downwards.  The severity will depend on the overbought Daily to come out of its range.

No comments:

Post a Comment