For last week’s Energy and Capital, I reviewed China’s buying spree of natural resources, and argued that we may need them for the energy revolution more desperately than anyone now imagines.

If we want an example of good long-term resource planning, we might want to look to China.

A dark Cave. In the middle, a Caldron boiling. Thunder.

Enter the three Witches.

1 WITCH. Thrice the brinded cat hath mew’d.
2 WITCH. Thrice and once, the hedge-pig whin’d.
3 WITCH. Harpier cries:—’tis time! ’tis time!

1 WITCH. Round about the caldron go;

ALL. Double, double toil and trouble;
Fire burn, and caldron bubble.

from Macbeth

-William Shakespeare-

Weekly Charts With Fibonacci Retracements For The Dow Jones Industrial Average, S&P 500 Index, Power Shares QQQ Trust September 12, 2009

At the end of the week over the weekend I like to look out and in to see where the markets are in reference to where they have been. I also plot the new weekly support and resistance levels and of course the levels on the dailys.