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, November 30, 2009

Two possible counts still underway, the bullish (wave B finished) and the bearish (wave B is underway doing a double zig zag). Despite this mess the odds suggest new highs  (wave C) soon. Today's action appears wave B still underway but sometimes is better wait to see what happen.

P.S. My last chart still my primary count.

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SPX intraday update (Part 1)



I prefer count this wave, since friday's lows, as an simple abc so it´s possible this wave B didn't finished. However this market still very hard to labbel the waves at short term.

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Bohemian Bankruptcy - A tragedy by Drag Queen



Today I bring for my weekend's clip this excellent funny work that I saw at Bob Campbell blog (http://fibonacci-financial.blogspot.com/). It's another good EW's blog that you must visit.

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SPX intraday update (Part 2)

Friday, November 27, 2009


This is my worst scenario. This count have several problems so I will not count as primary.

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EUR/USD UPDATE



These are my two counts for this "mess".
We had a fast drop after a very small up move after my last update, and today we had a pullback that stop at 50% fibo.
Well, my primary count is in "blue", but we still are is this up channel, so for now i will keep the "green" one in sight.

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SPX intraday update (Part 1)



If this count is corrected a complex abc occur and wave b (rose) already finished and the big picture still underway.

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DAX intraday update (Part 1)


Seems the trend line support DAX and new highs will be made soon. Still don't see any signal of P3 beginning so this bull count and this bear count are my primary counts for the big picture.

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SPX and DAX intraday update (Part 3 and 2)

Thursday, November 26, 2009

Extended wave v or wave iii underway.

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DAX intraday update (Part 1)


Not sure degree of this waves but my bearish scenario is underway.

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SPX intraday update (part 2)



SPX already made 5 waves down since yesterday highs.

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SPX intraday update (Part 1)


Still hard to label these waves but now I'm sure wave B (forget wave iv) is underway on SPX. For this wave B i have two alternative counts. The first is a complex abc and the last a triangle.

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SPX daily update

Wednesday, November 25, 2009


Choppy Choppy... zig zag, triangle, flat, zig zag... WTF!!!!!!! Possible bearish wedge underway but for now this is only a simple guess!

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GBPUSD Update


Wave ii of iii with possible bat bearish formation underway.

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EUR/USD



Hi!

My last count was wrong...obvious. I won't try to count micro-waves because everything is messy. For now it seems we can go a litle bit higher.

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SPX intraday update (Part 1)


What a mess!!! Maybe still in a triangle or in bearish wedge! All waves looks corrective. Choppy Choppy...

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SPX daily update


Usually I don't trust much in triangles but this pattern fits very well.

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GBPUSD Update


Still waiting the end of wave ii of iii.

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SPX intraday update (Part 1)

Tuesday, November 24, 2009

Possible triangle underway between 1085 and 1113 points.

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SPX daily update


At short term still have some doubts how complete this puzzle. However my last intradays updates (Part 1 and Part 2) are still underway. In short term or we have an abc's sequential waves or new highs will bring a new impulsive wave to the up side. For the moment the war is doing between the 1085 and the 1114 points. The bulls  have advantage but the bears may have some strength to show.

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DAX daily update


Yesterday I showed my bearish count for DAX and left the bullish count in the oven. As the markets made a strong rebound I decide to show it. At this moment the markets are very choppy, showing alot corrective combinations (simple zigzags, double zigzags, irregular waves, flat waves, etc) make very hard labbel  these waves.

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GBPUSD update

Monday, November 23, 2009



As expected rebound begans on GBPUSD. 

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SPX intraday update (part 2)

Since today's highs SPX made an impulsive wave. For the short term I'm not sure about the degrees of these waves.

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DAX intraday update (Part 1)

Until the last highs DAX made a flat wave (3-3-5) so despite my last update I expected new highs soon. Latter I will show my charts.

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SPX intraday update (Part 1)


Until new signals I will considerate this downtrend dead.

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DAX daily update



The waves aren't clear but at short term DAX showed some weakness signals. It's the P2 beginning at DAX? I don't think so. Only see some correction pattern despite waiting for a new lower low.

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SPX daily update


Since the 1113 I can see in cfd's chart only one abc. For the moment it's possible a double zingzag once I count on another indices five waves down since last week highs (e.g. DAX).

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Good Weekend

Saturday, November 21, 2009



Is raining... it's cold but is weekend. So enjoy it! Good weekend to all :).

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GBPUSD update

Friday, November 20, 2009



Seems GBPUSD started mayor correction and first target for this new trend is the 1.56 as you can see in this chart.

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SPX daily update


Today's action suprise me and now may primary count suggest wave b begans. Since beginning of wave "a" I had some problems to label some subwaves in cfd's charts. Despite this, cash charts are more clear and some indicators suggest this is mayor correction (wave b).
The beginning of this wave b complicate (again) the count but I like this cause fits very well with my big picture,

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EUR/USD UPDATE

Thursday, November 19, 2009


As promisse in the morning here is the EUR/USD update.
This is my best count and as i belive we had a truncation at 1.505 i think we go down.

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SPX daily update



After this day everthing  still the same (see my last updates below) so I decide made some projections based on the "big picture" and find some interesting results. The principal conclusions are:
a) Since this wave Y began, all tops were done at 4-5 days with some distribution and at same range. So  the odds suggest this wave "a" will finished between 1015-1025 at friday or next monday.
b) The range between sub wave "a" and "c" of  each wave (blue) increased +-10 points. So the odds suggest the mayor top (P2 end) maybe will be at 116x'a points.

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GBPUSD Update


This is a potential daytrade for GBPUSD based on harmonic patterns.
EDIT: Pattern invalidated.


Despite this my "big picture" (bearish) still the same.

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SPX intraday update (Part 1)

Wednesday, November 18, 2009


Choppy choppy choppy... triangle.

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SPX daily update

Tuesday, November 17, 2009




At short term my potential expanding triangle seems turn to a potential inverted H&S's. Meanwhile I change a little my count and now prefer considerate this last wave as the end of iii. So this wave "a" maybe will finished between 1120-1130. At same time I see potential gartley bullish at euro. So, for tomorrow, the odds suggest new highs at SPX. The big picture remains the same.

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EUR/USD UPDATE



It seems like a 2º large H&S is in play. And a small one too (last 3 days)
I expect a drop during the night and a move up starting in the morning. That will correspond to a drop in the SPX and then a move up, maybe to new highs

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SPX intraday update (Part 2)


Choppy session (typical wave iv) and hard label this waves. However, maybe this is the pattern of this wave iv.

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SPX intraday update (Part 1)


Looks wave iv of v is underway.

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Wheat update


Seems wheat is already on bull mode. I lost the train but I will continue control these patterns.


P.S. SPX update already done. You can see here :)!

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XAGUSD UPDATE


Against everything and all XAGUSD continues to rise :( but now the waves were more cleary and the top maybe is underway.

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GBPUSD Update





At short term seems GBPUSD is at wave C of ii. A double top is possible but at this area the bears maybe will wake up early.

If you are lost with my counts you can see here my last "big picture" updates.

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EUR/USD UPDATE

Monday, November 16, 2009



Think today we finish ii of I, so tomorrow i expect a sharp fall of EUR

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SPX daily update


Still don't know if this wave v already finished but is still possible another push to complete this wave "a".

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SPX intraday update (Part 1)


As expected new highs were made. Now seems SPX is doing wave iii of v. I have some doubts if SPX is finishing wave "iii" or "a" but I will considerate this wave as "v" of "a".

If you are lost with my counts you can see here my last "big picture" and short term updates.

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SPX daily update


Seems wave v of iii or v of A is underway.

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DAX update

Friday, November 13, 2009

The DAX made a good retracement at 50 % Fibonacci. Now is testing the "pseudo" bearish wedge that broken last weeks.

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SPX daily update


At short term the count still messy but since last highs all pattern belongs to a corrective pattern.

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EUR/USD (2º part)

Thursday, November 12, 2009


So far so good.

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SPX intraday update (Part 3)


Since last high SPX maybe is doing a triangle.

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Disclaimer

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.

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