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

PAYPAL

Friday 14 March 2014

14 Mar 2014

Lower lows in prices but nothing substantial to note.  A possible diagonal pattern could cause a rally Monday.  But we wont fight the trend unless we get a reversal.  ST is still bearish. While the Main Trend has closed the week bearish as well.  When our ST was triggered to the downside, the right course was to find an entrance for possible short position.  So far that would have made some handsome profit.

MT: DOWN (Still OB)
ST: DOWN
PA: NA

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