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.

Good weekend

Saturday, February 28, 2009

Great week for the bears but now it's time to have same rest and relax. Keep an open mind and stay short. During the weekend i will update my charts.

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VIX

Friday, February 27, 2009


No panic, no fear... With out fear, we don't have any sell off, but also, we don't have any trustful rally. So, keep in mind that we need a true sell off to end this Wave A.

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DAX intraday update (Part 2)



When the double top will activated i think the final target will be 3600 points.

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SPX intraday update (Part 1)


I truly belive that this sub wave iii of v will be extended so my target for this final v is more bearish (below 700 points).

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SPX and DAX intraday update (Part 1)


"It's a bird? It's a plane? Ohhhh no its a super bullfighter!"

"Yes baby, it's time to give you some spits."

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SPX and DAX daily update




Finally the wave iv ended :). It would be nice see VIX above the MA50 to have some panic in the markets. No panic no capitulation.
Possible targets for end this wave v of iii of v:
SPX - 700-720 points
DAX - 3500-3600 points

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DAX intraday update (Part 2)

Thursday, February 26, 2009


New count to DAX (draft). I still wait for a new sell off.

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SPX intraday update (Part 1)


Alternative count to spx.

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DAX intraday update (Part 1)


One alternative count for DAX. Wave iv and triangle looks good for me.

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SPX daily update


No changes in my count. I think this wave iv is finished today.

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DAX daily update

Wednesday, February 25, 2009


I think DAX is already on sub v f iii. So, i don't expect new highs in DAX and SPX. We must go down without mercy :))).

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DAX intraday update (Part 1)


Dax already confirm that we are on wave v of iii of v.

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SPX and DAX daily update



As SPX and DAX had new lows during this week, i think that we must down again to close this wave iii of V.

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SPX and DAX dialy update

Tuesday, February 24, 2009

I'm back from my weekend (fantastic days of pure relax) and this nigth i will do the SPX and DAX dialy updates.

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Good weekend

Saturday, February 21, 2009

It's Carnaval period and i will do some samba rest in Algarve. A great weekend to you all. Take care.

In the meanwhile stay tuned for some great hard rock provided by my friend Brian Kroll. Hope you like his band.

http://www.myspace.com/mysonthebum

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SPX intraday (Part 2)

Friday, February 20, 2009


My conservative count for SPX.

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SPX intraday update (Part 1)


This is my two cents for SPX. I don't see yet the micro wave iv so i expect some up side to complete this micro wave and maybe another downtrend wave. Similar count to DAX.

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DAX intraday update (Part 1)



I've been following the big picture and now, it seems to me, that this is not the sub wave iii of V. To change this idea i must see a huge sell off on DAX. In short term i think its still missing one mini wave down to complete this downtrend.

P.S. SPX is already in 77x's and DAX still above the 4000's. To me is very strange. The stop of my count in this possible mini wave iv is on 4200 points and is not as i show in the picture.

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SPX intraday update (Part 2)

Thursday, February 19, 2009


As i like DAX and SPX with the similar count i change few things.

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DAX intraday update (Part 2)


Now the DAX count is clean like water :).

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SPX intraday update (Part 1)


Still very hard to count spx but i don't see reasons (see the trend line) to sell my puts if already we are on sub wave iv.

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DAX intraday update (Part 1)


I think is still missing one wave down to complete this sub wave. My stop still on 4250 points.

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SPX intraday update (Part 1)

Wednesday, February 18, 2009


I'm not sure if the mini wave v had finished due this waves are hard to count but until now is everthing ok.

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DAX intraday update (Part 2)



It's not clear if this mini wave v was finished. I have two options.

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SPX and DAX intraday update

I think this mini wave v is doing an ending diagonal triangle. Values above 800 (spx) and 4250 (dax) invalidated this count.

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DAX intraday update (Part 1)


I made a small change on DAX count (more bearish). Appears that this mini wave v can be expanded , since this day, DAX almost complete 5 waves down and SPX not yet started the respective mini wave v (if started is in the beginning).

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SPX and DAX dialy update

Tuesday, February 17, 2009

I don't have reasons to change my last counts, so i will do the updates tomorrow.

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DAX update intraday (Part 2)


Similar count to DAX. To bearish? Maybe not :P.

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SPX intraday update (Part 3)


I expected a new low to finished this wave i of iii of iii of v.

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SPX intraday update (Part 2) EDIT



Count to bearish???!!! I don't think so...

(I think this last count is better)

P.S. Time frame 2 hours.

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DAX intraday update (Part 1)


Possible count for DAX. As i say yesterday the wave iii of iii of v is developing :)).

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SPX intraday update (Part 1)


Sub wave iii of iii of v is developing.

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DAX daily update

Monday, February 16, 2009


Confirmation only tomorrow, but maybe DAX is already on sub wave iii of iii of v.

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DAX intraday update (Part 1)


I still see indecision on the markets so i have an alternative count to DAX. I will also controled the trend lines.

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DAX daily update


It appears that DAX is already on sub wave iii of v due the movement on friday appears more impulsive.

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SPX daily update

Saturday, February 14, 2009


On Monday the american markets are closed, so thats a good oportunity either to start the big crash or to have a rally and close this wave ii. Yesterday, during all day, the waves intercepted a lot, so i think that this movement is corrective and its near to its end. I expect a nice rally on Monday to end this wave ii and the big crash start around Tuesday or Wenesday.

P.S. Tomorrow i will see DAX but appears more bearish as i say yesterday.

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Good weekend

Friday, February 13, 2009

Another choppy session but we are now in the weekend, so we must Relax and try to forget the markets :). During the weekend i will do my update.

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SPX and DAX intraday

The trend for this day reversed. Maybe is the sub wave C of ii. Lets see what dax do.

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DAX intraday update (Part 2)


My count was invalidated so i think maybe the sub wave ii of this wave iii was already done. It seems to me some dax is doing some kind of mini wave iv (stop on 4449.05). We must now control the both trend lines.

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DAX intraday (Part 1)


During the nigth and morning SPX is choopy but DAX is very clear that this maybe is sub wave b of ii. As you can see maybe it's possible that is already the sub wave iii but i prefer this count.

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DAX daily update


I made a similar count to DAX.

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SPX dialy update


No suprises during this session. Tomorrow i would like to see a zig-zag wave as i show in picture (typical from waves's ii).

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SPX intraday update (Part 3)

Thursday, February 12, 2009


My idea for this micro wave.

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DAX intraday update (Part 2)


This wave v for DAX may had finished (see orange count) but i prefer the blue/grey count.

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SPX intraday update (Part 2)


For me, miss one micro wave to finish this sub wave (i).

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SPX intraday update (Part 1)


Yesterday the session was very choppy and typical from waves's iv, so i true believe the last two options that i put in the afternoon. Or SPX is yet on mini wave iv (some kind of abcxabc or megaphone formation) or the mini wave v is extended and will go to new lows.

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DAX intraday update (Part 1)


I would like to see the mini wave v expanded but this wave v is similar with mini wave i, so maybe this sub wave i could be ended in the lows of this morning.

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SPX intraday update (Part 2)

Wednesday, February 11, 2009

With this new up side i see three options:

1st - SPX already finished mini wave v and will do the sub wave ii of iii of V;

2nd - The mini wave v will be extended (new higher high invalidated this option);

3nd - SPX still in mini iv doing some kind of a triangle (can do a residual high).

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SPX intraday update (Part 1)


It's possible that the sub wave v has began.

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DAX intraday update (Part 1)


Miss one mine wave "e" to the sub wave iv end. SPX is more choppy but i expect a new high for today, maybe 840-845 points.

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DAX dialy update


This count is similar to SPX.

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SPX daily update


I expect one small rebound until 84x's and maybe finished this sub wave i of iii of V near of 80x's.

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Disclaimer

The opinions listed on this blog are of the author only, and shall not be deemed as financial advice, or any other sort of advice. All visitors to the blog should do their own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses any one might sustain from the content provided. Author is not a registered financial advisor. Author does not engage in dispensing financial advice.

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