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.

SPX daily update

Monday, March 30, 2009



I changed a little the mayor wave 1 to put the minor wave "e" on the struture of this wave. I short term, SPX is doing the wave "a" that can be finished in the 770's, to close the last gap. After this, i expected one corrective wave (wave "b") followed by another pullback that can finished between the 50 and 62 % of Fibonacci retracement. This area is an important support for SPX and i expect some rebound after this test.

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