"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 29, 2012

SPX - Rebound's completion, then the third downward wave

The market movement was in line with expectations;
the first wave of Minuette degree, [a] or [w] , is finished, and also the wave [b] or [x] is ending with a complex pattern a-b-c , which should follow the third downward wave in five wave sequence if [c] or in three wave sequence if [y] , with probable completion of the b wave (or Alt:2 )
Have a great trading day...with care!

ElwaveSurfer









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