Everyone Wins...

...in a perfect Fibonacci world.

I can't pray to the Great Fibonacci just yet. He was far too generous after I smoke-signalled the last prayer. But looking at the recent charts of the Dow, QQQ, NASDAQ, and the S&P500, I can't help but put those favorite Fib numbers to the test.



Now that we are very close to a 38% retracement, or inverse retracement, from the recent bottom, it makes me wonder what if A to B really does equal C to D. I'll allow the projected C to D leg a little breathing room and give it until November to blossom. But, with a severe market thrashing similar to the last, "everyone wins" as the post title states.

How can everyone win with such a dismal market performance, especially if the market tanks in several days rather than several months? Obviously, the bears win with this sort of price destruction, but the bulls also win. The coming pain is inevitable so jumping in the freezing swamp is the preferable alternative to taking the slow, methodical toe-first approach. Let's bypass the slow torture, false hope, and annoying whipsawing that will occur if the market chooses the indirect route.

You see, everyone can win...in a perfect Fibonacci world.

No need to dispute my perfect world. You're preachin' to the choir. It's the market's modus operandi to suck in more buyers during a "mudslide" producing dead-banker bounces, and counter-trends. And, unless the Dow gaps up to 14,400 really soon, you can see that the market is not a 'game of perfect', nor does Fibonacci rule the market. But don't tell him that.