"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, January 25, 2013

SPX - Doji plus Apple crash; a worrisome mix

Yesterday a doji occured in SPX daily chart; this could be the technical signal of a temporary top.
Preferred scenario; wave y is finished and is starting a new wave x (or w of minor x);
first alternate scenario; we are in Alt:[4] that finish today then wave Alt:[5] to complete an a-b-c pattern.
The collapse of AAPL is troubling.

Have a great trading day....with care!!!


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