Oh Great Fibonacci...

If all the bulls could please place your fingers on the Ouija board perhaps we can summons Leonardo Fibonacci. We haven't seen his 'magic' 38% and 50% retracements in a while. Now would be good time for them to appear so that we can get this market propelled to the upside.

Let's try it now...

Oh great Fibonacci, show yourself, and please provide support for the NASDAQ at 2184 (that's a 38% retracement from the recent top), or at least have mercy and return the market to 2161 (50% retracement), with lighter volume of course, so that we can all continue on the right path,...and shake the weak hands out of the market...unless the CMI changes direction and decides to buy the QID next week (not a likely scenario).



OK, that should do it.

There's nothing more satisfying than achieving a positive outcome as a result of good, sound, logical thinking.