While not the most popular technical indicators in the chartists toolbox, A Fibonacci Time Series analysis does occasionally provide food for thought. Especially on the two S&P 500 charts shown below.
(click on image for full size)
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You work so hard to help others learn, but you must be cursed as everytime you short the market it goes to new highs. I guess it is bad luck.
Independent,
On the contrary. The stocks I mentioned that I took a short on in the last video worked out nicely on Friday, especially Citigroup (C).
Chuck – I shorted some Citi on Friday morning. That was a solid gain and I got out before the bell. Good call