"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)

Tuesday, January 8, 2013

SPX - Correction in progress

Indexes in fractional and slight decrease, with several leading stocks that continue to outperform (see "US stocks" page).
I confirm my preferred Elliott wave count: wave [b] is in progress and it is started the third downward wave c/y;
first alternate count: wave [b] is a sideways pattern, such as three (w-x-y-x-z) or triangle (a-b-c-d-e), that could also end today.
Have a great trading day...with care!


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