Monday, September 26, 2011

Margin Fall + Witch Switch


I'm upping my daily Fib to the 61.8% level this week as it appears the bears are cornering us in for the kill.

I've got a new theory though. At some point, people are going to be unable or unwilling to feed the margin calls. So when that happens, the wicked reversal will most likely occur.

It better not happen when I'm on the plane! I've already missed nearly a month of profit taking and I need trading plaisir!


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