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.

GBPUSD Update

Sunday, February 28, 2010

Confirming my last update, the bears must be cautions at these levels cause a possible gartley bullish maybe is developing!

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SPX daily update

The price still above the MAE 20 and 50 so the bullish count still the primary option. Following this chart is possible wave P2 will be doing a triple zig zag. Despite this, SPX yet not broken the resistence at 1118. Therefore is still possible my alternative count. 

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GBPUSD Update

 
At short time is possible some rebound at GBPUSD.

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Good Weekend

Saturday, February 27, 2010


Good weekend and enjoy the sun if you can feel and see it!

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SPX intraday update (Part 1)

Friday, February 26, 2010

 
Seems up is the way! While the price is above the MAE20 and 50 I will follow this chart.

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SPX daily update

Looks like the bulls are in control and, at least, the price will be go higher than the last week highs. This pattern, since last highs, seems a double zig zag and now I'm following this chart.

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SPX intraday update (Part 2)

Thursday, February 25, 2010

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SPX intraday update (Part 1)

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Possible patterns underway!

 
 
No have time for more but want to show possible patterns on SPX and DAX.
1st chart SPX - possible H&S underway (bearish);
2nd chart SPX - possible triangle underway (bullish);
chart DAX - possible inverted H&S underway (bullish).
Good luck to all!

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SPX daily update

SPX finished another session above the MAE50. Despite the bearish counts and the corrective pattern everthing is still possible since yesterday lows. Nothing changed since yesterday and this post is still valid. At short term you can see my last chart at chat room. Good night to all.

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Bear Market Armageddon: Why Prechter Might Be Right This Time

Wednesday, February 24, 2010


P.S. My last charts can be seen in the room chat.

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SPX daily update

Tuesday, February 23, 2010

 
 Finnaly the bears reacted :)! Despite this, following this chart, the both counts that I present today still possible. Tomorrow the bears need another good sell off to eliminate the bullish count.

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SPX intraday update (Part 3)

At moment this is my best count for SPX. Latter will confirm this count with SPX cash (cash made his high on friday).

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DAX intraday update (Part 1)

At moment this is my best count for DAX.

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SPX intraday update (part 2)

Seems wave ii finished this morning. Chart latter!

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SPX intraday update (Part 1)

 
As expected today SPX already made a new high. However this pattern seems a triangle  so it's possible (again) a new high. 

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SPX daily update

Monday, February 22, 2010


Nothing to add since my last update! Time to sleep and rest :). Good night and sleep well!

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SPX intraday update (Part 1)

Boring session could means some wave iv is underway! Despite my doubts (you can see in my chart what they are) I belive new highs during this session or tomorrow. The bullish case is also possible and to eliminate this count SPX needs to stay below the MAE 50 (+-1100).

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SPX daily update

Sunday, February 21, 2010

 
 Following this chart I decide update the bear and bull scenario. The both counts are possible and still believe more in the bear case. However, the price is above the MAE's 20 and 50 so the bears must stay attention the 11x's area (high resistence).

For the moment (at short term) the EW's suggest the pattern is incomplete so the odds suggest another higher high tomorrow.

P.S. I want to leave a special thanks to Gonçalo for his support, colaboration and on SPX  EW's updates suggestions.

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Copper update

 
Copper charts on  request by a follower of this blog. I hope you enjoy it.

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Good Weekend

Saturday, February 20, 2010


Wegue this weekend :).

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EUR/USD - Alternative (ultra-bearish)

Friday, February 19, 2010



I don't have a price target for this (3) because this cenario is on the table.

Good Luck

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EUR/USD




Good luck

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SPX and DAX intraday update

New highs may will be made despite my last update (sorry guys I didn't have time to confirm some counts). Seems is missing one last spike for DAX at medium term.
 On other hand at SPX futures since yesterday highs is clear (5 min time frame) one corrective pattern.

 
At medium term we have some alternative counts, like wave ii already finished or still missing something to completed (this last chart). Despite these alternative counts I believe this will be a reversal area at short term. The first bear signal will be price below the MAE 50 (+-1095).

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SPX intraday update (Part 1)

 
Sorry the quality of this chart but today will be a hard day of work. Following this chart seems wave ii finished yesterday. Now the bears needs a good sell off and finished the week above the MAE's 50 and 20. Now is just testing the MAE 50. Good Luck.

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SPX intraday update (Part 5)

Thursday, February 18, 2010

The true battle for the bear case is coming.

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SPX intraday update (Part 4)

Alternative pattern (corrective). Needs confirmation. Despite this, the bears must be cautions once the price is above the MAE 20 and 50.

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SPX intraday update (Part 3)

Possible inverted H&S underway (time frame 5 min). Possible target at 1110.

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SPX intraday update (Part 2)

 
This count agrees with yesterday's first and fourth update. Alternative counts are possible as I showed yesterday.

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GBPUSD Update

Nice gartley bearish sequential!

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SPX intraday update (Part 1)

Alternative count from Moguita.

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GBPUSD Update

This count is still alive :).

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SPX daily update

Wednesday, February 17, 2010

Since the 115x's highs SPX finished for the first time above the MAE's 20 and 50 for the first time. Despite this, I expected a false sinal for the bulls... but at same time remains an warning for the bears.

At short term seems (after all) wave C could expand a little more than expected. So the 1118 may will be tested soon.

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SPX intraday update (Part 4) - Bullish Case

Some bulls request me one alternative (bullish) count. Personaly, I don't like this count but if the prices will stay above the 50 and 20 MAE's we must take this as an warning (for the bear case)!

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SPX intraday update (Part 3)

 
At short term today or tomorrow expect new highs .

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SPX intraday update (Part 2)

Some thoughts about the spx at medium/short time.

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SPX intraday update (Part 1)

 
Possible count at short time.

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Robert Prechter: Dow To Triple Digits

Last interview with Robert Prechter.

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EUR/USD



We hit the area that i was expecting. Let's see if now we come down.

Good luck

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Carnaval in Portugal (Holiday time)

Tuesday, February 16, 2010


Time to party and smile :)! Happy day to all!

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SPX daily update

 
After one week very choppy I change the principal count since the time action suggest wave ii is underway.

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GBPUSD Update

At short time possible triangle underway! At medium term nothing to add.

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EUR/USD

Monday, February 15, 2010



two possible cenarios. Either way we should see more down side late this week.

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Smile!

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DAX daily update

After one week very choppy seems wave ii is (still) underway.

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Good Weekend

Friday, February 12, 2010


Good Weekend and rest well. During the weekend I will do the updates.

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SPX intraday update (Part 3)

Dangerous count for the bear case but everthing in this messy market is possible.

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SPX intraday update (Part 2)

I expected SPX at these values however didn't like the strength of this movement. The bears need a good sell off to validate my primary count however the bulls gain strength (again) when did the test of the short time trendline.
So SPX still inside the lateralization area and the both counts (primary and alternative at medium term) are also still valid.

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For me it's "Going Down"

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SPX intraday update (Part 1)

 

It's possible wave ii of iii already finished. The bulls need new highs to invalidated this count and the bears need break the trend line at short term to have a good sell off.. 

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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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