All Entries Tagged With: "Fibonacci retracement"
What Becomes of a Broken Stock Market?
There are two possible Elliott wave paths for stocks from here — but only one likely outcome. By Elliott Wave International You know what a mystery the Dow’s 1,000-point drop on May 6 has been. Wall Street is looking for a smoking gun — a trader’s mistake, a computer glitch — but nothing definite has [...]
Fibonacci Techniques for Math Geeks — and Everyone Else, Too
By Editorial Staff The word Fibonacci (pronounced fib-oh-notch-ee) can draw either blank stares or an enthusiastic response. There’s hardly any in-between ground. But for those who ask how an esoteric mathematical relationship can apply to price charts and trading, here’s a quick lesson. Everyone who uses Elliott wave analysis will sooner or later want to [...]
Greater Depression? Part II
Last October I published this post about my forecast for the markets over the next 12-24 months. Well my first target was the 7,200 area and one of the technical tools I used to come up with this number was the 50% Fibonacci retracement from the 1932 bottom. We reached that target much quicker than [...]
Market Overview – March 27th, 2008
Tonight’s update will be brief but I wanted to point out something that was mentioned in yesterday’s update. Even though I have a positive bias and expect the markets to continue higher, it was mentioned that we may see one more pullback before the market continues up. Well today the market did just that as [...]
