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

PAYPAL

Saturday, 16 February 2013

15 Feb 2013

Looks like our hope for a move down played out, but an end of day rally put a halt on that and have yet to indicate a strong signal for a move up.  Currently on a hourly basis we are on a down trend and our daily chart is still in oversold conditions but on a down trend.  We need to continue the down trend on the daily with a measured move by the 60min as its strength momentum that takes the daily out of overbought and down towards oversold.


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