Fibonacci? Wasn't he centre forward for Juventus?
Seriously, 61, 78, 395 ... It's all bullshit. Let's say the market contracted all the way back to Fibonacci Armageddon - $25. The world would stop dead within a few months. We'd all be ***ked.
Guys, it's not gonna happen. Among many words of wisdom my father-in-law imparted, one sticks with me: Markets make money by the endless ebb and flow. The OP at the moment is like the sea before the tsunami hit. It's being sucked way, way out, and lots of silly poor fools are wandering out on the sand to collect sea shells. Well guess what: There's a frigging big wave on the way to clean them all up. Might just take a while to get here.
Meanwhile, the view from aFAR is safely above it all. Patience guys. Patience.
... and lots of nonsense chatting to while away the time.
OOO
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