"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
Friday, December 9, 2011
SPX - Bullish setup is frozen but still living
The pattern is not completed... bad (or rough) the last down wave of yesterday; the bullish setup is intact, yet frozen for now but just for a short time.
Today it's possible a Fibonacci price and time juncture.