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.

Dow Transportation and Nasdaq 100 update

Wednesday, August 19, 2009

Hi friends. Had to change my count for a little more bear view. The "respectable" channel was seriously violated, and for now i anticipate at least one more leg down.
Don't get fooled. Primary trend is still up so i won't recommend any kind of short positions in this market. I think 38% fibo around 62,50 may be a sweet spot to start taking long positions again.
Same goes to Nasdaq. If my wave degrees were correct we should resume the trend shortly. If not, then blue is rose and rose is yellow, meaning that we could hit the 50 or the 61,8 fibo next week.

Best to your trading

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