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, November 10, 2009

 This wave ii is still alive and the top is here! Seems hard to believe that we will not have new annual higher high but the surprises happens.

At big picture (bullish scenario) I began to work some (alternative) ideas and my primary is the possible test at the 114x's-115x's zone cause SPX still in the same pattern since August.


SPX intraday update (Part 1)

Not sure if wave ii already finished or it miss one last wave.



Yesterday GBPUSD invalidate my last count so the bulls are with some problems to keep this last wave C alive. For now I don't have time to made a decent EW's count  update but at short time an emerging gartley bearish maybe is forming.
For the bull case this is just another abc and for the bearish case wave C finished and the downtrend will began.


SPX daily update

Expecting some (at least) pulback until the close but this not happen. So I change  my count , at short term, cause normally I like count this waves with gaps (cash), without any decent retracement and any negative divergence  as waves iii.

At short term the bulls are in control and seems a double top is possible. If SPX made new highs the odds suggest SPX is doing an irregular abc and the shorts could be covered at wave C (alternative count).



The opinions listed on this blog are of the author only, and shall not be deemed as financial advice, or any other sort of advice. All visitors to the blog should do their own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses any one might sustain from the content provided. Author is not a registered financial advisor. Author does not engage in dispensing financial advice.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP