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, May 5, 2009

My last update is still valid and the Bull case count made yesterday is (also) still valid. Tomorrow is another day and maybe SPX will do wave iii of iii of C.

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SPX intraday update (Part 3)


Very choppy but maybe another short squezze is coming.

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SPX intraday update (Part 2)



No reason to enter short cause until now i only count an abc wave. Moreover DAX had successfully test the trend line.

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SPX intraday update (Part 1)


SPX had completed this morning 5 waves since last friday lows. So the one million question is: SPX will have now a minor or a mayor correction?

EDIT: The last micro wave iv intercept already the micro i so the highs in short term are made.

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SPX daily update



The last friday's session gave the first signal that something was not right in my last count. So, the new highs not suprise me. What's happens now? I give two different counts but truly these patterns are too confused to put (again) my hands on the fire.

The both counts have several problems but i will give the benefit of the doubt to the bulls. I will reenter short in the 95x's area.

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