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

PAYPAL

Wednesday, 24 December 2014

24 Dec 2014 - Merry Christmas Bonus

As a Bonus for Christmas, I will be posting some charts of individual equities that many could be trading as well as some index.. Hopefully we can see where the state of the markets is at.

The SPX made a lackluster correction today and couldn't even get out of the OB range.  I guess this is not a surprise as volume probably wasn't there. On an intra-day level the non-concern of the markets for a correction causes indicators to reset as prices stay relatively sideways.  What this means is that chances are a continuation to higher highs will happen when the indicators bottom out.

MT: UP
ST: UP
PA: NA


MERRY CHRISTMAS!!! and I will be back with some charts..
Posted by at

2 comments:

Subscribe to: Post Comments (Atom)