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

Thursday, March 25, 2010

Ok, this is my (moguita) long term count. Most belive we are in bull market, but not me. I can't count the move since 666 as impulsive. For the first time i'm presenting you the MACD and RSI, why? You may ask...well MACD is at 2007 level's and both are putting some negative divergences such as we saw at 666.



in a few minutes i'll put Filipe's count (short term).
Here it is! I'm not 100% sure if Filipe's counting this last wave like this, but i belive that he thinks this wave is done.





Good Luck!

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