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.

Wheat update

Sunday, January 31, 2010

As expected, wheat still in his downtrend to complete 5 waves. On the big picture, the EW's suggest the formation of a triangle from the 2009 lows. However, recently wheat activated an H&S's. Thus, the bulls must be attention and use stops below the 2009 lows.

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GBPUSD Update

  

At short term the harmonic analysis suggest at least a small rebound. However, by EW's the last pattern was made by simple abc, which turns the big picture a little more bearish.
Despite this, GBP still inside the consolidarion area but I believe the price will precipitate if the support/resistence is broken.

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Good Weekend

Saturday, January 30, 2010


Time out to rest! Good weekend to all :).

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SPX intraday update (Part 2)

Friday, January 29, 2010

 

Not good for the bulls.

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SPX intraday update (Part 1)

 

Looks like ending/leading diagonal underway. Truly don't expect new lows. If this happen , maybe this wave v of i will be extended (don't expect this cause wave iii of i was already extended) . Good luck.

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DAX intraday update (Part 1)

 
Quick chart before lunch :). Possible test on MA200 is possible due the EW's count at short term suggest new lows.

EDIT: At 15 min chart the EW's count suggest the end of wave v of i. 

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SPX daily update

Thursday, January 28, 2010


New lows but the same comments made this morning.

P.S. Is possible SPX cash already finished this wave i, however at futures seems is missing one new low.

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EUR/USD UPDATE



Good Luck

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SPX daily update



Seems wave ii began and a possible H&S is forming. If the next test at 108x's  fall the possible target of wave iii will be 1010.

P.S. Alternative count still possible.

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SPX daily update (Part 4)

Wednesday, January 27, 2010


Alternative (bearish) count (futures) from moguita. For now i will keep my primary count but the next retracement and pattern will be important.

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SPX intraday update (Part 3)



Following my last post maybe the pattern will be something like that.

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SPX intraday update (Part 2)


I'm trying to find some bullish wedge. For now the pattern is not clear.

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GBPUSD Update



This pattern seems more consolidation but is better follow the horizontal resistence/support. If one of these areas broken the movement can be accelarate.

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Wheat update


Feels it's missing at least one wave to complete this pattern. I believe wheat is inside a triangle.

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SPX daily update (Part 1)


Maybe the alternative count is underway. At DAX seems pretty good.

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DAX intraday update (Part 1)



On dax is missing some wave to turn this pattern as impulsive wave.

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EUR/USD UPDATE

Tuesday, January 26, 2010



We may have more down movement making (iii) of v of I of 3

Good luck

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SPX and DAX intraday update




Seems DAX (impulsive wave) and SPX (double zig zag) are already on wave "a" of ii.

P.S. Don't forget my alternative count. If this is the correct count this wave will be iv of i.

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SPX intraday update (Part 1)


Not sure the waves degree.

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SPX intraday update (Part 1)

Monday, January 25, 2010


Possible mini triangle underway.

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SPX daily update

Sunday, January 24, 2010


Didn't have time during this weekend to clean my "drafts" made on friday.
The odds sugest this wave "i" didn't finished on friday. For the bulls the first important resistence will be at 1110. For the bears the next target to win will be the 109x's-108x's area.

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Good Weekend

Saturday, January 23, 2010


It was an excellent week for the bears and seems P3 already began. Now it's time to rest and stay with the family :). Hope you enjoy the newest clip from Gomo and have a good weekend!

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DOW update

Friday, January 22, 2010


SPX and DOW have symilar counts. Any one with NDX count? I will like to see this count!

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SPX intraday update (Part 1)


Following my last update seems SPX is finishing wave iii.

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EUR/USD

Thursday, January 21, 2010



well, the price movement make me change my primary option to the green one. As i see it we still are in primary one.

If the price turns here (red/blue count) primary I/A is done and we head for a 50% retracement.

But the paralel channel and the news that came from euro zone (Greece, Ireland, Italy, Spain and ... Portugal) make me prefer the green count

PS: as i'm short in time, maybe i made some big mistakes in my count, if so please let me know

Good luck

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SPX and horizontal support/resistence


Strong figth in this area due the horizontal support and MA50.
P.S. My last waves update are below these two posts!

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SPX and moving average


SPX is testing MA50 and is important to the bears to stay above this. This is another important indicator for the short term!  So keep the eyes on the 1130 and on MA50. The trend line seems to be broken but we need some kind of confirmation of it.



Until the 113x's the mother north awake!

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SPX and DAX intraday update (Part 2)







P3 or mayor correction is underway and the bear seems had arrived! Possible end of this wave iii at 1100's and the keey of this downside is the 1130.

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SPX intraday update (Part 1)

No time for charts but these are my two cents:

a) Above 114x's the odds suggest new highs (primary count)
b) Below 112x's the odds suggest mayor correction (alternative count).

Good trades to all!

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The bears must be precautions!

Wednesday, January 20, 2010


I can't trust in this downside!!!!

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SPX intraday update (Part 1)


Alternative count underway.

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GBPUSD Update


At short term seems is missing one last wave to the upside. After that a batterfly bearish will form, giving space to some kind of retrace.

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SPX intraday update (Part 2)

Tuesday, January 19, 2010


Maybe the first leg of wave v is finishing. Expected some retrace during the nigth and part of the day of tomorrow.

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SPX and DAX (big picture) - Drafts


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GBPUSD update


Nothing new to say since my last update.

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SPX intraday update (Part 1)


As as told yesterday and following my primary count I expect this down side will end at 112x's.

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EUR/USD UPDATE

Monday, January 18, 2010



The green count is starting to look good. But till i see a big drop in EUR i will stay with the red one.

Good luck

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SPX daily update


By my "big picture" is possible one more wave up to finished this expanding diagonal triangle. The bearish count (alternative count) shows P2 already finished.
Despite this, at short term I expected new lows (wave v of C), maybe between 1120-1130.

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GBPUSD Update


Using harminic patterns you can see a gartley bearish but by EW's the upside may not finished at short term.

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Wheat update


Following the big picture seems wave b or ii will be in some corrective pattern as triangle or flat wave.

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SPX daily update

Friday, January 15, 2010


Expect tomorrow some correction at session's beginning but the close maybe will be strong and at the highs of the week.

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SPX daily update (Part 1)

Thursday, January 14, 2010


Two options to considerate. Bearish count is P2 already began and the first leg was made by leading diagonal (I have doubts in this count).

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SPX daily update



Sorry guys, for now I just have time to show a quick chart (following my last comments). 

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SPX daily update

Wednesday, January 13, 2010



As promised this afternoon the bullish count for SPX is here. Above 1142 this count will turn my primary count. See you tomorrow :)!

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GBPUSD Update

In my last update I sayed GBPUSD were doing a double zig zag. After one month seems the double zig zag already finished. As I expected at least one simple abc (in big picture) it's possible another zig zag for the downside. At short term this looks more a corrective pattern so I may will change the big picture very soon and turn it more bullish.

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EUR/USD

Tuesday, January 12, 2010



Well, the length of this wave that started late 2009 doesn't fill like a micro (iv). For that reason my last option in last update is now my 1º option.

Good luck

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Disclaimer

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.

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