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 intraday update (Part 1)

Friday, June 5, 2009

For now the bulls control the trend so most likely the existence of leading diagonal (the pattern is not perfect but is what we get).However i believe one test on support area (935-940).


SPX daily update

Sometimes this corrective waves are hard to count but the key area (94x's) was conquered by the bulls and now they have everthing to do new highs. Since the yesterday lows i don't see anything impulsive in this wave but i consider this wave like a leading diagonal.

P.S. Because of this movement covered my shorts at 940.



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