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

PAYPAL

Tuesday, 15 October 2013

15 Oct 2013

The movement the last 2 days is a corrective pattern which suggest we are looking for higher highs in the next few trading days to come.

Main-Trend: DOWN
Short-Term: UP

Our angles have so far been a good predictor of resistance and support.. Will we try for 1695- 1690 tomorrow?  This range is also where the 200ma and the 75 ma are meeting in the 60min chart as shown below.

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