‘Fibonacci Long-Term’ Archive

Strong relationships and strong resistance

11/18/2010, filed under Fibonacci, Fibonacci Long-Term, S&P 500; Comments Off.

Fibonacci continues to be a “strong force and has a key relationship” to the 500 index.  Below is a big-picture and a close up of the current action over the past couple of weeks.    CLICK ON CHART TO ENLARGE Suggested earlier to pick up SH with a stop 1% above the resistance at (1).  [...]

Back to the Future…Election day and QE2

11/02/2010, filed under Fibonacci Long-Term, S&P 500; 24 Comments.
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  In the hit movie “Back to the Future“  Michael J Fox had access to a time machine, allowing him to go back and forward in time.   So what if we had access to a time machine and we went forward in time, just a mere 30 days….. the election and QE2 will be a [...]

What just happened? Dow Jones

10/20/2010, filed under Dow Jones, Fibonacci Long-Term; 2 Comments.

What happened yesterday? CLICK ON CHART TO ENLARGE What happened yesterday?  NOT A TON….Appears the Dow reacted to the Fibonacci 61% retracement level at the top of the wedge! “One day a TREND DOES NOT MAKE,” yet on a very short-term basis, I do respect that the bottom of the wedge was broken. CLICK ON [...]

30-Year Fibonacci level at hand for Silver

09/17/2010, filed under Fibonacci Long-Term, silver; 7 Comments.

I have received several requests for the “Big Picture” on Silver.  Here it is….. Gold finds itself at all time highs…Silver at the 38% retracement level.  If Silver can break good ole Fibonacci, the next line (2) is a BIG PERCENTAGE above line (1)!