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.
Tuesday, July 23, 2013
Maybe the bearish weadge finished at 1700. To confirm this SPX must stay below the 1690.
Sunday, July 21, 2013
Monday, July 15, 2013
At short term the count still valid and let's see how will play the ending diagonal. Good trades to all.
Seems since 10th July, SPX is labelling an ending diagonal. Possible target is 1680-1685. Good trades.
My last big picture fail since I'm expecting new highs and because at this point the expanded triangle don't make sence. SPX above the 1575 make my big picture very bullish as I show in the following charts. Good trades to all.
Thursday, July 11, 2013
This strong uptrend invalidate my short term count :(. At this point new highs at short term is the obvious count. During the weekend will review my long term count. Best trades to all.
Monday, July 8, 2013
No triangle formed in sub wave b and this sub wave c may be extend up to the 166x's. Good trades to all.
Tuesday, July 2, 2013
Monday, July 1, 2013
Following my last update two options are possible:
1) Wave b of Y finished on friday (red and orange counts)
2) Wave a of b of Y finished on friday (green count)
The time and price action are perfet for the bear case but somethimes the market don't do perfect things. Good trades to all.