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, November 10, 2009

Expecting some (at least) pulback until the close but this not happen. So I change  my count , at short term, cause normally I like count this waves with gaps (cash), without any decent retracement and any negative divergence  as waves iii.

At short term the bulls are in control and seems a double top is possible. If SPX made new highs the odds suggest SPX is doing an irregular abc and the shorts could be covered at wave C (alternative count).

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