andyn

Fibonacci Unhinged

this is stupid technical analysis... if things were predictable where it would bounce up or down (60%, 30% etc), it looses its very predictability.
Sure, it will turn somewhere and I can come up with my own retracement levels of 25, 50, 75%....I will get it right someday!!!
The key thing to understand is this is a fundamental change in financial markets and if the govt doesnt interfere, the bottom would be found faster and we will stabilize. Step back and take a deep breath.