Sunday, April 14, 2013
Fibonacci Minutes 1-610
The picture on the time interval is much the same as the Tick Intervals, with the shorter term having decidedly turned down and the longer intervals out to 610 Minutes are flat to down. We are again, at a major inflection point. Any further propping up of these markets, through whatever form it may be (artificial stimulus, Fed intervention, etc.), will only increase the 'cliff-hanger' like event that will follow. There is no turning back from the Fiat bubble that has been created. There is an enormous domestic AND global debt, & one day the Creditor is going to come knocking: first with letters, then with car title seizures, and ultimately but not lastly, with home foreclosure servicing.