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 update

Thursday, February 28, 2013

Yesterday I mentioned that today session would be very important to the short term count. Actually it happened!
For now, and with this rally, I changed my primary short term count. Since the last high's SPX made a simple zig zag so the odds suggest new high's  will be happend. For the bear cause (alternative count), SPX finished 2-3-3-1.

With this change, during the weekend, I must (again) review my medium term count (maybe another zig zag will be made to the upside). Good trades!



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spx update

Wednesday, February 27, 2013

My primary count is still the bearish case, despite today action. Tomorrow will be an important day to define better the waves. Good lucky!

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spx update

Tuesday, February 26, 2013

Wave 2 extend more than expected in price and time. However after that a good seell off appeared sugesting wave 3 is underway.
My primary count is wave 3 is underway but for now the bears have made (only) 3 waves to the downside. Because of that, at green I add the alternative bull count.
Don't expect SPX above the 1501 in the next days, so let's see what "they" do tomorrow.

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SPX intraday update

Friday, February 22, 2013

Possible double zig zag underway in this wave 2.

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spx update

Short term count suggest wave 2 is underway. I have 2 possible counts for wave 1 and my target for this (small) rebound for wave 2 is 1510-1515. Good trades!

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spx update - short term count

Thursday, February 21, 2013

At this point this is my primary count for the short term count.
The bears need an impulsive wave to the downside to confirm my medium term count! Let's see what "they" will do.

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SPX UPDATE


After more than 100 points, since my last update, is time to be short and wait to see what the SPX will do with my medium term count. It will be important understand the pattern of this downside to understand if my medium term count is correct.
For now, the bears need an impulsive wave to the downside.

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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.

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