Markets being “Held Hostage?”

Markets being “Held Hostage?”

Are the markets being held hostage by….The Election?¬† QE2 News?¬†¬† Fibonacci Resistance?¬† Power of the Pattern?¬† Do they need a hero like “Dudley (BEN) Do-Right” to come along and save us? CLICK TO ENLARGE The markets have been fairly quiet the past...
Who is knocking at the door???

Who is knocking at the door???

Knock, Knock….Who’s there?¬† Uncle Fibonacci!¬† ¬† No JOKE !!! On 4/13 I shared it was time to “BE PREPARED” (see post here).¬†¬† The patterns and Fibonacci resistance suggested to protect and be PREPARED TO HARVEST.¬† The market peaked 10 days later...
Are you seeing Double?  I am…

Are you seeing Double? I am…

Double Fibonacci retracement levels that is!!!¬† The Euro peaked in July of 2008 and¬†created a lower¬†high in November of 2009.¬† Key¬†retracement levels are at hand below at (1). ¬† Even if the Euro doesn’t fall hard at this price point…this “double...
Hop on Board the Russell 2000….

Hop on Board the Russell 2000….

Strong resistance at (1) for the Russell 2000. Fibonacci 50%, falling resistance and a possible right shoulder stopped this small cap index after a strong rally. Now the Russell finds itself testing critical support at (2).  If you are open to scoring on defense,...