"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)

Monday, January 7, 2013

SPX looks tired

Of Friday, markets finished up on lower volume.
The minor uptrend is intact but the pattern is not clear; according to my preferred count, SPX could build an irregular a-b-c  of wave [b] ; wave c is in progress.
Have a great trading day...with care!


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