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

PAYPAL

Thursday, 5 March 2015

5 Mar 2015 - No Break

The 20day MA held prices yesterday and most likely kept prices up today as well.  The action today though is feeling corrective and we could push lower to 2080 or 2070 perhaps.  There are a few markets or stocks that looks to have topped and turned over, and I would assume that not all indexes will turn at the same time with each other so it is a good idea to check the indicators on those index or chart you are looking at.

MT: UP
ST: DOWN
PA: NA

There are no indications at the moment of an acceleration but the first clue would be in the intra-day charts if you follow it.

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