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, December 8, 2009

Hello folks, PH here.
I think the market is still correcting down from recent upside movement.
A price between 1087 and 1095 is, in my opinion, a sweet spot to start taking long positions again (somewhere between a new low and 61,8% level), with a tight stop.
Just don't fight the market and don't try to pick tops.

Best to your trading
PH

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