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.
At short term still have some doubts how complete this puzzle. However my last intradays updates (Part 1 and Part 2) are still underway. In short term or we have an abc's sequential waves or new highs will bring a new impulsive wave to the up side. For the moment the war is doing between the 1085 and the 1114 points. The bulls have advantage but the bears may have some strength to show.
Yesterday I showed my bearish count for DAX and left the bullish count in the oven. As the markets made a strong rebound I decide to show it. At this moment the markets are very choppy, showing alot corrective combinations (simple zigzags, double zigzags, irregular waves, flat waves, etc) make very hard labbel these waves.
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