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

PAYPAL

Monday, 2 February 2015

2 FEb 2015 - Status Quo..

Nothing has change in the view that prices are forming or still forming a bearish pattern.  We will however change our tone if the indicators change directions.  Intra-day charts show many zigzagging and overlapping affair, not something you see in a bullish pattern.

MT: DOWN
ST: DOWN
PA: NA

The new low today was expected, but I did not however expect the rally up.  I suppose that the patterns are still sub-dividing.  The end of day price print closed right below the 60min 75ma, so now the question is if it has enough strength to push upwards above and past the 60min 200ma right above 2040.



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