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.
This is my bearish alternative count since SPX invalidated my last primary count at short term. However I don't like this possible leading diagonal cause wave iii looks more a corrective pattern. Now the waves aren't clear.
Stayed out during all morning and just arrived now. At this values seems wave ii of iii already finished! Stop at 1068 points. In this chart I show my principal count and at grey the alternative count. Good lucy to all :)!.
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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