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

Wednesday, February 10, 2010

As I sayed during the weekend, this wave ii of iii must not pass 3 days and/or 35 points. Therefore, tomorrow is the DAY to cofirm my primary count. Despite this, tomorrow, as I showed in my last update, I still expected new highs and a possible test at 108x's.

Since the last week lows the pattern seems only zig zags and the odds suggest my primary count is the correct. However, as requested by Jose, I decide to update my bullish count (alternative).

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