"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)

Tuesday, April 10, 2012

SPX - A strange corrective pattern

The market is located in a juncture very hard to understand; 
the count proposed is weak because the wave b , even if it were a three, has a width in terms of time in excess of the wave a
"When in doubt, stay out" and I will observe the market from outside, ready for a recount that today I would not do because the alternative hypothesis are too many.
Have a  great trading day---with care!

No comments:

Post a Comment