10 Mar 2014

There is room for a push higher based on the sideways pattern occurring the past 2 trading days, and could possibly bring in a sub count of wave 2.  This scenario would push prices much higher in an impulsive manner.  So the CIT for March 6 - 10 area could be an acceleration trend.  The bears need an impulsive move to the downside tomorrow, while the bulls need an acceleration up.  I know this does not answer either or trends, but that is why sideways patterns are classified as indecisions.  For now our indicators favour the bulls.

MT: UP
ST: UP (Neg. Div.)
PA: UP