Monday, May 18, 2009

Fibonacci beauties....

Case1: A failed Fibonacci line in OIL....


Case2: A upside broken Fibonacci Cluster in HIGH GRADE CREDIT....

Case3: A failed Fibonacci Cluster in Europe (EAFE)....

Conclusion:
  1. Not all markets are aligned yet
  2. Major forces fight for domination
  3. Volatility will rule
  4. Bias to the bearish case
  5. Weakness in Commodities will not allow green shoots over time, ie the contradiction has to be resolved
  6. Weakness in Europe


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