Elliott and Fibonacci Patterns: SPX - Bullish again, with care

Wednesday, June 13, 2012

SPX - Bullish again, with care

Even if the market shows a lot of indecision, my main scenario remains bullish, the pattern resembles an inverted head and shoulder.
Have a great trading day ... with care!

Anche se il mercato mostra molta indecisione il mio scenario principale resta rialzista; il pattern assomiglia ad un testa e spalle rialzista.
Buon trading e...prudenza!

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When the pattern of a reliable average is favorable under The Wave Principle, follow the recommendations below:
A) Select the groups which perform in harmony with the average;
B) Then select stocks that move in sympathy with these groups;
C) Always choose stocks that are constantly active, medium priced and seasoned leaders;
D) Diversify your funds; i.e., employ more or less an equal number of dollars in from five to ten stocks, not more
than one stock of a group. Trading in less than five stocks is preferable to more than ten stocks.
(R.N. Elliott - Educational Bullettin December 1939)

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Wednesday, June 13, 2012

SPX - Bullish again, with care

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