Technicians ‘Fibonacci Queen’ Carolyn Boroden, Gary Kaltbaum, ‘IBD’ Nail Market Top

Last night on CNBC’s Mad Money, host Jim Cramer spent a good chunk of the program talking about Fibonacci levels in the stock market and how a seeming correct interpretation of them led market technician Carolyn Boroden, who goes by the handle “Fibonacci Queen,” to become bearish in July 2015, as reported by Yahoo Finance.

In mid-December, The Inquisitr reported that Investor’s Business Daily had changed its market outlook to “market in correction” and noted that Gary Kaltbaum, a regular on Fox News and host of the radio program Investor’s Edge, perceived what he described as a “topping pattern” in major market averages.