Getting Near the End of the Ride
Fibonacci numbers were used by W.D Gann and R.N. Elliott, pioneers in technical analysis of the stock market. In Elliott Wave Theory, all major market moves are described by a five-wave series, adding to the potential to identify the turns described above. The classic Elliott Wave series consists of an initial wave up, [...]
Goldman Sachs indicating all good with the banks…for now
It’s all cylinders firing hard and fast time on Wall Street. Indeed, the stars seem to be lining up in a big way for the bulls.
Earnings season is off to a good start. Initial public offerings seem to have returned. And even Washington seems to have tempered its appetites, delivering what could be a somewhat [...]
