Elliott Market Waves: Sep 1, 2009

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 4)

Tuesday, September 1, 2009

Welcome Mr. Red!

SPX intraday update (Part 3)

Finally a good sell off to confirm the beginning of P3. The final confirmation sets SPX below 970. Until SPX remains below 1027 i will keep it as my primary count.

SPX intraday update (Part 2)

My two cents for this afternoon.

SPX intraday update (Part 1)

Since Friday highs we have only one clear impulsive wave (this morning). However i see this impulsive wave inside a corrective wave. I don´t trust in this downside and you?

P.S. Please vote at my poll to know what you think about it!

EDIT: This don't seems wave iv as i show in my last chart. Below 101x's my 2nd alternative count is underway.

SPX daily update

My primary count was invalidate and cause of that i change the targets of P3.

Next i will show two alternative counts and their problems....

1st alternative count:

2nd alternative count: