Editor’s note: This article was originally published at: http://go.mta.org/3791 and is reprinted here with the permission of the author. “Netflix tumbles to levels not seen since… Thursday.” That’s not a headline you’ll read anywhere but that’s one reality of what happened today. Let’s not sugar-coat it though, there’s no question that was one ugly session. I’m sure there have been fortunes made and lost today, and today’s session could become the stuff of legend and a test case for intraday traders everywhere. But let’s just put it in perspective for a moment, because this is a classic example of how important time frames are, and how you view $NFLX today will likely be determined by your own particular time frame and methodology. For people with longer time frames than mine, here’s the monthly chart of the last 5 years: I commented last night that CEO Reed Hasting’s comments chastening momentum driven stock moves seemed like

What led you to look at the particular markets you specialize in? I began using technical analysis when my broker recommended a number of stocks based on their Fundamental Research and none worked out. He subsequently sent me a report with a chart and since I am visually oriented I was immediately attracted. This was 43 years ago and I am still making money. Do you look at any fundamental or economic inputs to develop your opinions? The stock market is a leading indicator to the economy and therefore this input has a low priority for me. As to fundamentals, I must know the sector and business of the stock we recommend since different sectors behave well at certain points in the cycle. For example, we are just entering into a period when the energy sector and its stocks should outperform. Aside of this, my opinion is strictly based on technical and behavioral

Editor’s note: This article was originally published as a Charts Newsletter for Thomson Reuters Eikon in October 2013 and is reprinted here with the permission of the author. Plot Fibonacci Retracements from Extreme Prices to Set Synthetic 100% Target – Equity Index Fibonacci ratios are essential for analyzing the health of trends by gauging both corrections and projections in all asset classes. They apply well to all asset classes, whether equities, commodities, FX, or fixed income. When used in a disciplined manner, Fibonacci ratios can enhance your trading and analytical skills. In this article I am analyzing the use of the Fibonacci Retracements tool to generate future targets. Typically, traders use Fibonacci retracements from the lowest low to the highest high of a specific range of a time series to gauge the magnitude of retracements. Let’s turn this around and set some targets for ongoing trends instead. The conditions for this method are: the formation of

How would you describe your job and what led you to look at the particular markets you specialize in? I am the Chief Technical Analyst of Raiffeisen International. My bank is the investment-banking spearhead of a locally well settled consumer bank, with a focus on Central & Eastern Europe and some offices in Asia, the U.S. and U.K. My team deals with most asset classes, cross-rates, bonds, stock- and commodity-markets worldwide. We take a global view before going asset specific. Our work is based on my basic principles of charting together with both macro and micro economic analysis, an understanding of derivatives including ETFs and CFDs, and portfolio-management. I have published a 1,200-page overview with the title “Das Große Buch der Börse” (The Big Book of Exchange). Our understanding of technical analysis and knowing how to work with charts improves the quality and transparency of our research. Which technical indicators do you rely