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

PAYPAL

Wednesday 5 March 2014

5 Mar 2014

Sideways is sometimes a good thing.  Todays sideways pattern tells us that there is a higher chance of a move higher and that this could just be a 4th subwave.  I am anticipating higher prices tomorrow but since tomorrow is the 5th year anniversary of the 2009 low.  I am also anticipating a top.  Some cycle analysts have been looking at the Mar 7 as a CIT, but who really wants to  argue over 1 day.  For now this is just something to watch out for.  The sentiments of the indicators are still priority.

MT: UP
ST: UP
PA: UP

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