"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, October 9, 2012

SPX - Correction continues

SPX continues its correction; with reference to my preferred scenario I think that several sessions missing before the end since it has not yet completed the first wave (a/w) of the y wave (probably by tomorrow or Thursday) but it is possible that the low of September 26 did not will be broken.
Today I'm waiting for a pullback since the cycle on an hourly basis has reached a bottom.
Have a great trading day...with care!

No comments:

Post a Comment