"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)


Wednesday, November 14, 2012

SPX - Still downward, but it could be the last wave

The market seems to have closed the wave [4] and started the [5].It's better to wait for the completion of the pattern (c/y in preferred count or Alt:3 ) and check the structure of the bounce before opening long positions.
Have a great trading day ... with care!

ElwaveSurfer

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