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.
I confess these complex patterns make me crasy and for now I'm not sure if my counts are trustfull.
Despite this, I don't see the "TOP" in the last higher high at 147x's cause the pattern to the downside is corretive. To follow this I changed my medium term count! Another possibilities are still available but to me make more sence this count. At short term, since the last higher high, SPX made an triple zigzag.
Friday, November 16, 2012
At this points, as I posted in my last chart, does not make sence count this waves as wave 4. However the waves aren't clear and can't find any impulsive wave to the downside. So my primary count suggests SPX is labelling another X wave to the downside.
Saturday, November 3, 2012
Different pattern, same wave! I will still count this wave as 4 cause don't see nothing impulsive to the downside. Possible wedge is underway!
Monday, October 22, 2012
Wednesday, October 17, 2012
Changed my medium term count cause the donwside, since the last highs, was corretive (double zig zag). Tomorrow will see the long term count.
Wednesday, October 3, 2012
After these last days seems SPX at short term is labelling a triangle. If this occur my medium term chart will be changed. For now I can't see anything impulsive to the downside.
Thursday, September 27, 2012
At this point it makes more sense consider that the wave Z is over. However I show an alternative count in the short term. If this happens I will have to review the medium term count.
Friday, September 21, 2012
Wednesday, September 12, 2012
Wednesday, September 5, 2012
Thursday, August 30, 2012
Wednesday, August 29, 2012
Sideways since the last higher high at 1426! This (complex) wave seems a consolidation until new highs! For now don't see any reason to be short.
Friday, August 24, 2012
SPX made my target for possible wave ii of iii (yesterday chart) but with these waves I prefer follow with these options. At this point I only see a double zig zag...Let's see what "they" do!
Thursday, August 23, 2012
For the bear case (at short term) I didn't like todays action so began to think an alternative bullish count. The SPX needed a good sell off, if not new highs will be happen!
Wednesday, August 22, 2012
I'm following this count at short term. Let's see how it works. If is correct the sell off will continue during the night.
Tuesday, August 21, 2012
Monday, August 20, 2012
Friday, August 17, 2012
Wednesday, August 15, 2012
Thursday, August 9, 2012
chart, this last wave seems an expanding diagonal triangle.
Tuesday, August 7, 2012
Monday, August 6, 2012
Tuesday, July 31, 2012
Since June SPX is under a complex pattern...My primary count suggests a triple zig zag but I'm not sure if is correct. Let's see what "they" do!
Monday, July 16, 2012
Since my last update SPX is labelling a double zig zag so at short term expect SPX between 138x's-139x's.
Friday, June 22, 2012
Thursday, June 21, 2012
Monday, June 11, 2012
Sunday, June 3, 2012
Since the 2012 high's and following my long term count two counts are possible:
The bearish count is valid if you believe in a truncation in the first wave to the downside.
After two months away due the excessive work and several deadlines to perform I think it is recommended show (again) my big picture charts.
Only to remember, I'm follow this chart and I believe SPX is underway an wave 4.
The big question is whether the wave b or d is already finished or will do a triple zig zag.
Maybe the next chart (medium term count) give me some clue!
Friday, June 1, 2012
New charts will done this weekend!
Tuesday, April 17, 2012
Tuesday, April 10, 2012
Monday, March 19, 2012
last update still underway!
Monday, March 12, 2012
3 months afyer my last update I think is time to show my charts. At all time frames my charts are still valid! At short term the odds suggest wave iv is underway. So at this point I will expect some kind of complex pattern as a triangle.
I still don't see any reason to be short! Just follow the trend :D!