"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)

Thursday, January 24, 2013

SPX - A second alternative count

Today I propose a new count, not because I delete the two scenarios (the preferred and the first alternative) that I follow and consider still valid, but to prove, if there were needed, that even from different analyzes the result is very similar: an impending top.

This new count consider that, from the bottom of 31 December, it is developing a wave y in the form of a zigzag a-b-c, where in the current wave c the wave [3] is ending.
With this new count, the achievement of the Cycle top in 1550-1560 area is only faster than the expected time in the other two scenarios  (1st quarter 2013 instead 2nd-3rd quarter 2013), unless this last intermediate wave (z)  is not a w-x-y-x-z.

Have a great trading day...with care!


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