I hope you didn't forget Mr. Fibonacci?
This Monthly chart of the S&P 500 shows a nice pause at the key 61.8% Fibonacci level. My 2010 projected range (outlined in the white box) for this year has been spot on, and I based those projections on Mr. Fibonacci, and my study on previous bear market recoveries as outlined in this blog, 2010: Bear Market Recoveries Bears take the elevator down. Bulls take the stairs up. If you're getting antsy, you may want to sit on your hands. The fact is we are less than 2 years into this recovery and Mr. Market does not care if we require instant gratification.
Best of making your own luck as we finish out this year...Jason
