"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, December 5, 2012

SPX - A slow and confused movement

The uptrendline has been broken down but with little conviction from the bears.
The picture is confused; it may be finished the minor wave w and started a minute wave a / w , or we may still be in the second x of w .
I even have difficulty to identify the preferred scenario and the alternative, due to the extreme uncertainty that exists on the market from several days.I look forward to a confirmation and I follow the rule "when in doubt stay out".
Have a great trading day...with care!

ElwaveSurfer


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