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 - by moguita

Wednesday, September 1, 2010

Ok, last run up doen's fit in last update. So we must change to an alternative count.
This one is my prefered (for now) since in DAX we can count a perfect 12345 from top.
Now, for this count to be correct we can go a litle litle litle bit up and then fall hard

PS: had no chance to talk to Filipe today and don't know what he thinks about this

Good luck

Read more...

SPX intraday update (Part 1)

Read more...

SPX daily update

At short term I agree with Moguita's count! However I still follow a possible abc since the 12xx's. Despite this, I expect a good sell off during the next days. The bears must follow the trend and control the 107x's area.

Read more...

Disclaimer

The opinions listed on this blog are of the author only, and shall not be deemed as financial advice, or any other sort of advice. All visitors to the blog should do their own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses any one might sustain from the content provided. Author is not a registered financial advisor. Author does not engage in dispensing financial advice.

  © Free Blogger Templates Nightingale by Ourblogtemplates.com 2008

Back to TOP