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

PAYPAL

Monday 3 March 2014

3 Mar 2014

Looks as if the Corrective pattern is still forming before we make higher highs.  Last weeks 3 wave patterns seems to have been a B wave expansion of sorts, with C wave forming an impulsive wave down.  We would need to see if the correction can be counted as finished by tomorrows action.  Any downside move could have us hitting the 1820 level before any resumption higher.  Volatility is on so expect wild swings in the market.

MT: UP
ST: DOWN
PA: UP

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