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 monday daily update

Monday, July 27, 2009



Hello there. My favorite count puts blue 5 ending in near 1000 points, as you can see in one of the charts.
On the other side, I have some doubts looking at the 10 min chart. I can see some impulsive movement that I should not be able to see. For that reason, I made an alternative count that brings the extended blue wave 5 scenario to the table.
My favorite count still is the one of the ending diagonal, since i don't trust 10 min time frame for Elliot wave counting. I use it to confirm my count but that wont happened today.
Charts today are from 4 hour CFD's. My provider is having some problems with the cash ones.
Lets see how this thing plays out.

Best to your trading
PH

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