29 Aug 2014

The market was in a intra-day range, and was pretty uneventful.  The sentiments here are still for higher prices, or at least an uptrend.  OB situations manages to accelerate prices and even at these highs it is still possible to see price rocket. 

MT: UP
ST: UP
PA: UP

As for EW... The confidence with many EW are not very good at the moment.  Many are asking where Wave 5 would end.  I just tell them that when it does show it self, prices will probably be substantially lower by then.  We can use it to speculate, but I would still rely on my directional indicators.