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

PAYPAL

Tuesday 11 March 2014

11 Mar 2014

Pattern today looked impulsive but not enough to omit  a still ongoing correction.  We need to see intraday charts go into oversold conditions so we can see a run to the downside in prices.  Our 60min 75ma was the underlying support today and need to stay that way for the bulls to maintain  strength for an uptrend.

I can't say how long the bullish trend would go if we start moving higher but I would say staying out of the market as it makes its way higher or placing a small trade is a better choice.  There is no need to pick tops.

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

All three indicators above are still stating a bullish sentiment.

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