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 daily update

Friday, August 5, 2011

At long term nothing changed....SPX is still in huge triangle. This triangle at this moment still may have different patterns.
So at medium term my count still the same and follows this possible triangle.

My alternative count at medium term shows the top was made and follows this triangle.
At short term, once the triangle was invalidated, SPX is labelling some wave iii. So, at this moment the bulls are in danger!

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