Contrarian market commentary and economic postings.
Monday, October 06, 2008
CHART TO PONDER
I am concerned that .618 FIB was broken, in CRASH environment anything is possible, looking at 9300 level a few spots it could catch....I think the other blue lines are now RESISTANCE.
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
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