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

Monday, August 17, 2009

Since several weeks SPX is inside various corrective combinations so the patterns are not clear. Despite this my primary count (new medium term count) shows SPX is doing a final wave of this bear market labelling an ending diagonal. My alternative count suggests SPX still inside wave B doing a double zig zag (old medium term count).

P.S. Until the end of the month i will be on vacation but i will try update all days the SPX count. Best to you trading.



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