Fibonacci Financial

Posts Tagged ‘Stock Market’

Go to Cash NOW = Run don’t Walk!

The Commercials have been selling the Stock Indexes for 3 weeks now.  There has been a normal Bear Market retracement of the first leg down in this Bear Market in percentage & Elliot Wave terms.  Now is the time to go to cash.  The next leg down in this Bear Market will be devastating.  The Dow Jones Industrial Average will most likely go well below 6500.

The COT readings in the precious metals and daily sentiment are at a bullish extremes also.  Better prices will be forth coming.  We will add to our core holdings at much lower prices.

Where should you put your cash?  Contact us for tactics.

AGAIN

There are a wide variety of ways to participate in this opportunity ranging from the very conservative to the highly speculative.

BUT you need active guidance – Contact Us at Fibonacci Financial.

Do not get the idea that you can trade or make investment decisions from my blog entries.  These are an introduction to my services and do not constitute investment advice.

Dr. Copper is Bullish right now – But keep watch!

Copper has often provided an early signal as to the direction of the economy because it is a high demand base metal used in industry.  You will notice that as the US Stock Markets were hitting new lows (bullish sentiment at 8%!) earlier this year, Copper was holding well above it’s lows telling us that the bottom was in (short term).

Copper price action was one of the prime indicators (including elliot waves, momentum, sentiment & other indicators) that lead us to conclude that there would be an Obama Bail Out Mini Rally.  Now, besides watching for an upcoming high in this Bear Market Rally in stocks, Dr. Copper may also provide a clue as to when Deflation has returned.  Watching Dr. Copper doesn’t provide certainty, but it will provide that very necessary edge when looked at in conjunction with other indicators.

I am fairly certain Dr. Copper will have a critical diagnoses to share with us about the economy and the stock market before the end of the summer – stay tuned!

What Are All Those XXXX’s and OOOO’s on the Charts?

( No Dear Reader They Don’t Represent Hugs n Kisses! )

Several readers have indicated that they are not familiar with the point and figure charts that I use for illustration purposes in the blog.  John Murphy (world class technical analyst) provides an excellent overview of Point and Figure charting on his web site StockCharts.com.  If anyone is interested in why I use these “old fashioned” P and F charts drop a comment requesting additional information.

Do not get the idea that you can trade or make investment decisions from my blog entries.  These are an introduction to my services and do not constitute investment advice.

Red Alert!    Red Alert!   Red Alert!

The Commercial Traders started buying the stock market in late march.  Bullish sentiment was at only 5% !  These along with the MASSIVE infusion of Rag Money into the economy and  more cool aid into the punch bowl have lead to the first real bear market sucker rally.  This however will afford many the last great opportunity to get out of the stock market before then next killer plunge.  It will be hard.  The talking heads will be proclaiming the next bull. “No bears are out tonight Father (big ben) killed them all last night”.  BUT be ready to go against the herd and your own emotions.

Will You Be Ready?

Think I’m full of BULL ?  Drop me a comment