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

Thursday, October 22, 2009

As I suspected it seems that wave P2 didn't finished yesterday. I will change the primary count as since today's lows SPX made an impulsive wave.
Alternative count: P3 already began and SPX is doing wave ii.
Best trades for all.

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SPX intraday update (Part 1)

For now SPX didn't gave any bear signals at long term and I still have some doubts about it. At sort term the bears control, hovewer the pattern since last day are truly choppy and complicated to count.


Wheat update

Nice impulsive waves since the lows.


SPX daily update

Today the odds suggest wave P2 finished with a trucation in last wave in futures and cfd's. However we need some confirmation about it:
1st: SPX need 5 waves down (until now we have only 3 waves).
2nd: SPX need broke the 108x's.
3st: SPX need broke the trend line since the March lows and since the 98x's.
4st: SPX need broke the 98x's.
The last chart is my alternative count and for now the bears must have eagle eyes.
Good luck to all



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