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 17, 2009




At short term my potential expanding triangle seems turn to a potential inverted H&S's. Meanwhile I change a little my count and now prefer considerate this last wave as the end of iii. So this wave "a" maybe will finished between 1120-1130. At same time I see potential gartley bullish at euro. So, for tomorrow, the odds suggest new highs at SPX. The big picture remains the same.

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EUR/USD UPDATE



It seems like a 2º large H&S is in play. And a small one too (last 3 days)
I expect a drop during the night and a move up starting in the morning. That will correspond to a drop in the SPX and then a move up, maybe to new highs

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SPX intraday update (Part 2)


Choppy session (typical wave iv) and hard label this waves. However, maybe this is the pattern of this wave iv.

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SPX intraday update (Part 1)


Looks wave iv of v is underway.

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Wheat update


Seems wheat is already on bull mode. I lost the train but I will continue control these patterns.


P.S. SPX update already done. You can see here :)!

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XAGUSD UPDATE


Against everything and all XAGUSD continues to rise :( but now the waves were more cleary and the top maybe is underway.

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GBPUSD Update





At short term seems GBPUSD is at wave C of ii. A double top is possible but at this area the bears maybe will wake up early.

If you are lost with my counts you can see here my last "big picture" updates.

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