"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)
Thursday, October 18, 2012
SPX - Confirmed uptrend with incoming correction
Themarket trend confirmsthe bullish scenarios presentedyesterday. Thestructurelooks like a complete 5 Elliott wave pattern / [a], so today is likelythe beginning ofa deep or sideways correction  / [b]. Have a great trading day...with care!