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

PAYPAL

Tuesday, 28 May 2013

28 May 2013

Another reversal candle today and it seems the volatility of these prices are starting to become very active.  6 days of reversal candles...  Day traders will find this more frustrating than a blessing.

Mid-Term: DOWN
Short-Term: DOWN

Note:  Many of these tops will not react right away, and sometimes it will last up to 6 months before it accelerates. like 2000 or the bottom of 2002 which lasted 5 months before accelerating to the upside.

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