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

Tuesday, June 9, 2009


When we have corrective patterns followed with (again) corrective patterns is hard to have a decent count. However i like very much this my last chart :).
Between +-950 and +-922 points SPX in cash made clearly 5 waves so i count this like c of iv of "a" as irregular flat. The spike at the 958 points i prefer to count as the end of wave "a" of X. The typical zig zag since friday i will count as "b" of X. Now the bulls are again in control so i expected new highs very soon however the following patterns are important to confirm my count.

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