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 3)

Wednesday, July 8, 2009



Impulsive waves down but at same time too small for a wave iii. So the bears must be careful. In the last chart looks like an EDT and it's possible SPX test the trend line (885-890 points) again. Later i will show one alternative bull count.

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DAX intraday update (Part 2)


Perfect test on the trend line!

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SPX intraday update (Part 2)


Seems the bearish count (no flat wave) wins. Down here we go!

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SPX intraday update (Part 1)


Corrective wave underway and difficult to count.

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DAX intraday update (Part 1)


In DAX cash is more difficult to find one flat wave so for now this is my primary count.

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SPX daily update




After this day i still have doubts about the better scenario. As i sayed at the afternoon this wave looks more corrective than impulsive so my primary count is the 3-3-5 scenario (flat wave). Despite this the upside is too limited as you can see in the big picture chart.

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