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 4)

Wednesday, June 9, 2010

Following my last charts, SPX may finished wave 2. However, for now, is missing confirmation with an impulse wave. So I showed two options:
1st - Wave 2 finished;
2nd - Since the highs SPX will made an abc and wave 2 will be more complex.

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SPX intraday update (Part 3)

Some ending/leandig diagonal since the today highs (time frame 1 min).

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GBPUSD update

Possible triangle still underway.

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SPX intraday update (Part 2)

Different pattern similar target.

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SPX intraday update (Part 1)

Following my alternative count the next hours SPX may label this pattern.

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SPX daily update

Nothing changed since my last update. The both counts are still possible. If tomorrow SPX don't made new lows the alternative count is underway.

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