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

PAYPAL

Tuesday, 19 March 2013

19 Mar 2013

SPX closed with a reversal candle to upside so its not as bad looking as it did this morning.  It also looks like we have an A = C down for the 4th wave.  We should now look for that 5th and final wave that never comes... LOL.  But patience is the key because when this drops there ain't no stopping it.

My feeling is that when we make that new high, the daily should make some sort of divergence that is still not prominent as the weekly is sporting.

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