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.
Eureka.... Finally I feel more confident with my count at short term. This count made change my count at medium term. These last days I tried to avoid showing my count but now I'm sure and (after all) SXP is still underway wave 5 of C at the big picture (Count 1 or count 2).
At short term I believe at new highs and it's possible an inverted H&S is underway. So, I expect this trend, since 2010, will last more some months.
Tuesday, March 29, 2011
Monday, March 28, 2011
Friday, March 25, 2011
Thursday, March 24, 2011
Don't feel secure with these waves. SPX is an important horizontal resistance area. So I don't expect higher values than 1320 points.
Wednesday, March 23, 2011
Since last update SPX only made an abc. So seems wave X didn't finish at 1300. These corrective waves are hard to count :(.
Tuesday, March 22, 2011
Monday, March 21, 2011
Nothing changed since my last update. Looking for the end of X's wave.
Friday, March 18, 2011
Hard to count these messy waves. After some introspection I will follow (again) my primary count at long term. So the best count at medium term shows SPX is labelling a double zig zag at this wave 2. At short term I'm not feel confidante to show any chart.
Thursday, March 17, 2011
Wednesday, March 16, 2011
Tuesday, March 15, 2011
Friday, March 11, 2011
Some problems this week prevented me from doing any update. I will keep the bullish count as my primary despite the today's sell off. Expect some reaction at this values (129x's) or at 127x's.