Join Leslie Carol Botha when she interviews market analyst Eric Gemelli on using Fibonacci Ratios to analyze, predict and profit in the stock market Monday night, April 16 from 6 to 7 pm MST on KRFC FM, community radio in Fort Collins, CO.
Mr. Gemelli started working in finance 25 years ago and has excelled in many positions in the insurance and mortgage banking industries. He has traded commodities for a living and raised venture capital. He has written for The San Francisco Examiner as well as the Boulder Daily, building a syndicated column with millions of readers.
Gemelli is the forecaster who predicted the market crash that coincided with September 11th in his May 2001 syndicated column. Gemelli used the same pattern that he applied and accurately predicted 10 years earlier that Japan’s major index- and therefore their economy- would keep falling for a decade.
The counter-intuitive fact is patterns and simple math predict world events. We are all individuals with free will, but as a group we make predictable decisions. That’s why an actuary can tell you how many people at a rock concert (any large event with 1000’s of people) will buy a house, get in an auto accident or have a baby this year – not who will take those actions, but how many will take those actions.
Markets move in predictable patterns too. When enough people run a stock price up then a certain percentage will decide to take a profit and the price will fall. Action – reaction. Often the stock price will fall to one of the Fibonacci Ratios and then turn again. Gemelli gives a short tutorial of how patterns and ratios apply to markets at http://cornerstonefinancialservicesllc.com/powerpoints/
One compelling example of Fibonacci Ratios at work is the abrupt turn the DOW made in April 2010. You may recall the financial troubles Greece announced at that time. The US market fell over 1000 points in reaction to the news. The DOW turned within 17 points of one of the key Fibonacci percentages, 61.8%. I predicted that turn in writing seven months in advance using Fibonacci Ratios.
Gemelli was taught to forecast and trade by a billionaire floor trader from the S&P pits in Chicago. His mentor taught the patterns and math that predict what markets, and therefore life, will do. He was skeptical, but over the past 15 years has come to accept that these patterns do predict worldwide events.
Ask yourself why Greece’s announcement came right as our market hit the 61.8% mark – after rallying exactly 61.8% of the fall the DOW experienced from October 2007 to March 2009. Why not a week earlier? Why not a week later? There are hundreds of examples of turns at one of the Fibonacci ratios.
Find out more on Monday night – only on Holy Hormones Honey- The Greatest Story Never Told! on KRFC FM.