Call me superstitious, but I think the Great Fibonacci is more responsive during the summer months. Of course, that would be the winter months south of the equator.
I don't mean to be a drag on the summer (or winter) of recovery, but with the CMI struggling in it's directionless quagmire, and since a C to D leg on the Q chart may be forming, there is no better time to summons the 'Great One'.
Here goes...
Oh Great Leonardo Fibonacci da Pisa, cast your spell on the QQQ's and bring us to 51 within the next month or so. Use your powers to prevent the market from pulling any major fake-outs to the upside on the way down, and please do not smite me for calling you Leonardo. And while you're at it, push that new mutual fund that I bought (PRPFX) to new heights and propel gold to $1600 per ounce, and if that mutual fund crashes with gold, please hunt down Ponzi Schemer like a mongrel dog since he told me about it. Ahmenn.
Sigmund (your number one point six one eight fan).
Related posts:
Dow 14,400 with a Little Help From The Great Fibonacci
Oh, Great Fibonacci
Wednesday, June 22, 2011
Technically Timed Prayer to the Great Fibonacci
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Market Wrap-Up