"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)
Friday, November 16, 2012
SPX - The downtrend is incomplete
Thedowntrendis not complete. I waitat leastthe61.8%Fibonacci retracement, thenit is necessary toobservethe subsequent reactionto see if thebearishwaveis finishedorif it prevailsthe alternate count. Have a great trading day...with care!