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

PAYPAL

Monday 10 August 2015

10 Aug 2015 - 1618 Days

Tomorrow will be 1618 days.  Just keep it in mind in case of an event.  It may be nothing of course..

With today's market whipsawing back to a daily resistance level, it will be something to watch to see if the EW count of abc is correct for a 2nd wave.  This would of course be bearish.  nonetheless we are at a bearish time, and should not be trying to pick a dip to buy until our market sentiment changes to bullish again.  I will keep it short and provide some nice charts for your viewing pleasure.

MT: DOWN
ST: UP
PA: UP

Based on our EW, if the count is correct then we should push lower, but the ST and PA says otherwise.  Will have to wait till tomorrow I suppose.




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