What Does a Fractal Look Like?

What Does a Fractal Look Like? And What Does It Have to Do with the Stock Market? By Elliott Wave International Although Ralph N. Elliott came to his conclusions 50 years before the new science of fractals blossomed, he took a step that current observers of natural processes have yet to take. He explained not only that the progress of the market was fractal in nature but discovered and described the component patterns. Find out more about the stock market and fractals in this excerpt. Read more.

DAX update diário

Tuesday, December 16, 2008


De momento, é possível estarmos a desenvolver a subonda "c" da onda "e". Se fizermos sub a = sub c teremos o target final da onda "e" nos 4867 pontos. Se, por outro lado, C=1,6*A então o target será de 5018 pontos. Resumidamente, acredito que até ao final da semana teremos um novo downtrend que poderá levar a uma correcção de pelo menos 50 % de Fibonacci.

Currently we are developing the sub wave "C" of the wave "e". If sub C = sub A the final target will be 4867 points. If sub C = 1.6 *sub A the final target will be 5018 points. Briefly (at least at the end of the week) i believe that we will have a new downtrend that could lead to a correction at least 50% of Fibonacci.

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DAX intraday update (Parte 1)


Através deste gráfico podem perceber porque não gosto de ondas iv's.

Poderemos estar a desenhar um triângulo pequeno, num triângulo maior, e pela contagem do pequeno (numeração azul) poderemos subir mais. Todavia, pela contagem do triângulo maior (numeração preta) poderemos descer. Leitura confusa nestes valores, pelo que vou aguardar pela obtenção de mais dados para completar o "puzzle".

Through this chart you can understand why i don't like waves iv's.

DAX may be drawing a small triangle inside a larger triangle and according to the count made from the smaller one (blue numbers) it could rise even more. Though the count made upon the larger triangle (black numbers) tell us that it could fall. So, at this level, we have very confusing readings. For more conclusions i will need more data to understand this "puzzle". On the other hand, don't forget that the waves "e's" can be shorter or longer than expected.

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SPX intraday update (Parte 1)



Mais uma onda complexa, mais uma onda correctiva. De momento, existem várias leituras possíveis, mas entradas longas a estes valores são perigosas, uma vez que estamos a testar o antigo suporte que parece estar a ter problemas em ultrapassá-lo.

Another complex wave, another corrective wave. At the moment there are several possible counts, but long entries for these values are dangerous because SPX are testing the old support (now resistence) and because of that this wave is facing some difficulties in exceeding it.

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DAX update diário


Nada de novo a acrescentar uma vez que a onda "e" está em desenvolvimento.

Nothing new to add since the wave "e" is in development.

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SPX update diário



Como esperado o SPX testou os 860 pontos e penso que agora irá desenhar uma possível sub onda "c" para terminar a onda "e".

As expected the SPX have tested the 860 points. I think that SPX will now draw a possible subwave "c" to end the wave "e". As i said on saturday, these corrective waves ("iv") are hard to negotiate because an "abc" can easily become an "abcxabc" or a "abcde".

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