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

PAYPAL

Tuesday 20 August 2013

INTRA AUG 20

There was a buy signal this morning that I was not able to post online, but the indicators for the 60min charts seem to be moving fast to the upside.  My experience tells me that the faster it moves up the faster the indicators reset and push prices back down.  So be on the watch for any turn down on the intra-day time frames.  Remember that our trend is down so only trade to the downside, not counter trend. 

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