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.

Good weekend

Friday, January 16, 2009

Nice trading week. Hope that all of you made some money. I think today's movement after all was in a corrective wave (my stop was activated). So the last update was wrong. During this weekend i will update my charts.

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SPX intraday update (Part 2)


For me this is a impulsive wave but i need more data to confirm that. Good lock with your trades.

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SPX intraday update (Part 1)


My two cents for today. I'm short since 858 :P. I think this is wave (b) of the ii but this pattern is more impulsive that corrective. Below 832 points i think thats better stop the longs to see what happens.

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DAX daily update


The count of DAX and SPX are similar, so we began today this wave ii.

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SPX daily update


Now we began this countertrend (wave ii) but i need more data to resolve this puzzle. However, I think this wave ii final target could be between the 50% or 62% of Fibonacci.

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