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 (by PHneutral)

Monday, August 10, 2009

Hello friends.
In complement of my friend's work i will leave my view of the markets.

Fridays movement was an impulse up (and some correction) and that make me suspect that this market has a little bit more to go. We can't be correcting impulsing up, we just can´t. In my charts in try to justify this sentence in Friday's weakest of the indicies, the Nasdaq.

In resume I believe that we can go higher in direction of 1040/1050 on SPX and that we can be developing an extended blue wave 5. If we start correcting... oh well, a new count is always possible even against the probabilities. Can´t wait for Monday :)

Best to your trading.
PH




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