"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, November 8, 2012

SPX - Confirmed the bearish scenario

Obama wins and stocks plunge.
My preferred downtrend scenario accelerates and start the third wave bearish [c]/[3]
As reported in yesterday's post, the alternative scenario is that the current corrective wave is not a minor degree wave but an intermediate degree wave; a fall below 1370 would make this scenario the main.
Have a great trading day...with care!


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