Wednesday, March 26, 2008

The "magic" of Fibonacci Levels

(IWM), (XLF), (SKF) and many other indexes/ETFs retraced to corresponding Fib Level, hovering around, trying to find support as I type.
(SPY) components slightly improved ( for falling stocks things continue to get worse).
Very interesting moment - I think outcome will depend a lot on (ORCL) ER - if it'll be good - nothing will happen ( it is expected to be good), but if (ORCL) is going to "blink" - I am very glad I am 100% net short since yesterday. Will post charts to night on Members Site.