Loading ...Stock Bear Calibration #2
By almost any Trader’s TA measures, we are in a Bear Market here. The recent Rambus Weekend report on stocks citing his combo weekly moving average crossover sealed the deal for me. So if we are in a Bear we should expect a min. of a Fib 38.2 retrace up to a 62%. Just saying we should see where that takes us using the Fib tools.
Added: Here is some food for thought on the possibility of a greater than 62% Fib Retrace if this is the end of a Secular Bear Market as Tim Wood’s suggests (Plunger cited Woods and here are some links to his Dow Theory Deflationary Secular Bear analysis).
http://www.safehaven.com/article/37576/a-deflationary-outcome-its-coming
http://www.safehaven.com/article/38681/the-reckoning
Let’s see how Fibonacci helped us out last time. Oooppps, seems that good old Fib has confirmed the “Secular” Bear that we are in.
