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

Friday, May 1, 2009

Until now i only see 5 waves (wave i ?) of this possible downtrend but i need more downside to confirm my count. However, SPX likely will do tomorrow the wave ii and the beginning of wave iii. This will be a perfect weekly close for monday the futures open in gap down. Don't forget "Sell in May and stay away".

Today i began early the weekend so until sunday this blog is all yours. Comment, exchange ideas/charts and enjoy the weekend :).

P.S. Thanks for all the visits and comments and click on "it" you know what's "it":))).



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.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP