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

Friday, December 18, 2009


Since middle of November SPX is doing zig zag after zig zag and a possible bearish wedge or ending diagonal is underway.
Despite all alternative counts (we can made with these formations some diferent counts and today I decide to show 2 of them) the mayor pattern is underway and the top, for the big picture,  may will be between 1030-1050 points.
Mayor conclusion: For me SPX didn't already made any top. It's close but is missing some points (and for me some pacience). 

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