Deja Vu at hand in the Nasdaq 100 by Chris Kimble | Dec 22, 2010 | Kimble Charting CLICK ON CHART TO ENLARGE Harvesting at Fibonacci worked in 2007 at the 38% level. Now this same level is being tested again! Results going to be different this time? As usual, I would want to be an owner of this index on an upside breakout! 4 Comments Tiho on 12/24/2010 at 8:48 AM I would be very careful in going long on the equity markets right now. The current conditions for the stock market are very much overbought, over extended and overly bullish. Even a short term trader should be very cautious. cjk on 12/23/2010 at 9:37 AM last year there was a significant post-holiday correction after the santa claus rally. also not clear how rising interest rates and commodity prices and falling home prices will benefit company earnings/stock prices going forward, if that matters. Chris Kimble on 12/22/2010 at 8:31 PM IS… I would think so. Russell has been a leader performance wise over several weeks. IS on 12/22/2010 at 6:05 PM Chris, If the Nasdaq 100 broke resistance would the Russel 2000 move up as well?