"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 16, 2012

SPX - Up move

The last movement appears a five wave pattern (wave a or 1), so I'm waiting for a correction (wave b or 2) and a new up move (final zig-zag c or wave 3).
My 2° Alternate scenario: the five wave pattern complete an irregular 3-3-5 (wave x), and new down wave y.
Have a great trading day...with care!

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