Tuesday, September 8, 2015

SP 500 - Classic Fibonacci Points

When panic and confusion reign Fibonacci points often are the only guidepost. In the end human emotions (as reflected in the mirror of the market) can somehow be measured and forecast by these ratios. Despite state interference.
click to enlarge
Sure looks like a 4th wave.
C=.38 of A
To be expected. The weird thing is the actual fibonacci "NUMBERS" being present. Why that should show up (not the first time either) and what relevance it has, except as fibonacci ratios, I'm not sure.
Dumb Algo's maybe.



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