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

Wednesday, June 17, 2009

I remain suspicious of this decrease, due the bear case have some problems like possible truncation on cfd's (and futures) and for other hand the wave Y was to small for me (if i count since the March lows like 12345 waves, as i showed last night, this problem disappears). Because of my suspicious i recovered my shorts at the end of the session. The next upside pattern will be important to clarify my counts.

P.S. It's possible wave v is not over yet but i not expect a large drop since the closing session.

blog comments powered by Disqus

Post a Comment


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.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP