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

PAYPAL

Monday, 29 April 2013

29 Apr 2013

SPX flirting with new highs.  Don't see why it would go this high and not go for it, as our Short-Term Trend is still in an up trend.  OB or OS conditions are a nice way to get into a position, and the past week showed us just how strong these conditions are when it comes to price movements.

Mid-Term: UP (but have not printed)
Short-Term:UP

longs buy with caution here and recommend a small position only due to the fact that the Mid-Term Trend has not printed yet.

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