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)

Wednesday, August 26, 2009


Another alternative count, SPX made a triangle and finished wave iv this morning.

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Why are we smacking our heads?

The Nasdaq100, for many people one of the leaders of the markets, has serious resistance on 1630 area. In the weekly chart you can see how many times that value was a key value in the past.


Lets take a closer look:

For me, this is good news ;). We beat the resistance and is now acting as support.

Best to your trading
PH

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Dow and Nas100 Daily update



I think those markets will make new highs tomorrow or Thursday. Closing long positions there, may be a good strategy. After that, at least a little correction is expected. P2 could be ending too, so be careful.

Best to your trading
PH

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SPX daily update


Chart update and some considerations.

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