Sunday, August 30, 2009

Fib Structure on the ES

This is the classic and much pimped out ES "Alphahorn" so coined as the Alpha or "upper" horn, or expanding pattern. I still think a push to 1050 or 1060 will be the final blowoff before a really big down or a pretty big down. Hedging my bets that the start of primary 3 down maybe met by huge government intervention. It's like trying to stop a glacier from moving....sure you could throw a few nukes at the glacier, but the overall thermodynamic forces will laugh at any attempts of intervention.

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Insightful and Useful Comment!