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, August 18, 2009

After some hard weeks, finally the wave patterns were more clear and suggest one flat wave in this wave B.
If you like this chart: http://2.bp.blogspot.com/_XX1K8deKkBE/SoSBqkNVmII/AAAAAAAABwc/fR9JKagL5sQ/s1600-h/spx-1.jpg it's possible the top were already made at 1018. However, for now i will prefer count this wave as "B" (the label suggests a corrective wave) and waiting for one last wave "C" to finished this rally since the March lows.



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