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« Shanghai Update | Main | Close, but No » May 21, 2007 The Nasdaq Goes FibonacciBrace yourself: The Nasdaq Composite is currently stuck at 2,584. Why is that important? Because it's a Fibonacci number! (Shaking You Furiously) OK, so why's that important? Er, I have no clue. But other people seem to think it's important so I'm running with it. Here's a look at the Nasdaq with Fibonacci Numbers in blue.
If the you divide a Fibonacci Number by the one directly below it, you get the Golden Ratio. (Seriously, did that just blow your fucking mind??) Posted by edelfenbein at May 21, 2007 1:22 PM |
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