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.
As I promisse last week, this is my alternative count for the medium term.
At short term nothing new to say. The bearish wedge is still possible and I expected some retraction for tomorrow. Despite this, all indicators are still bullish so the stops must be tight!!
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