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

PAYPAL

Monday, 4 May 2015

4 may 2015 - Up And Running...

We had an ST CIT today to the upside, but with a daily reversal candle.  The gap up at todays open had OB intra-day reading all over it as noted in last Friday's analysis.  The PA signalled a high probability of accelerative move UP, and that's just what it did. 

I must also say, last weeks analysis of the fight between Mayweather and Pacquiao was also true to form.  Too bad I don't bet.. LOL.

With the intra-day signal still in OB, the momentum to more upside is in play.  Look for an exit of this range for a trade exit or a short entry, whichever you prefer.

MT: UP
ST: UP
PA: UP

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