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Well, now that I’ve recovered from the 20 minutes of the DNC I watched tonight (including Earth’s Worst Rendition of “Bridge Over Troubled Water”), I thought I’d toss one last post into the hopper to end the day: Apple. They report after the close tomorrow, and I’ve got a big short position in them. My view is that Fibonacci is going to act as a wall (green tint). We shall see. G’nite.
The one consistent market we’ve got on our hands, and one I’ve been crazy-bearish about all summer, is crude oil. We’re approaching the next Fibonacci level at 42.79. We’ll see if it bothers pausing or not.
