The Nasdaq Goes Fibonacci

Brace 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 Eddy Elfenbein on May 21st, 2007 at 1:22 pm

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