Personally, I cringe when I hear talking heads correlating then Fibonacci number with the stock market.
And I've come to realize, if Jim Crammer recommends a stock, don't buy it. I would like to know which professional out there has the best track record in stock speculation. It seems like something that we could accurately study, and publish the data?
I don't have the money to speculate in the stock market. It just seems like it's as bad as gambling at this point in history. It interests me though. If I had money it would go to realestate speculation. I'm so wrong on my stock picks, I've though about contrarian investing. Supposedly, there are such people?
Just like everybody else, even most professional fund managers, although they wouldn't like to admit it.