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 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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