"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 10, 2013

SPX - Sideways action to recharging the bullish thrust

The market is recharging with a tight flat move.
The alternative scenario begins to prevail over the main.
New preferred scenario (the old alternate) is that highlighted in the post on January 8; wave [b] is a double three or triangle pattern, with the waves a/w - b/x - c/y already completed;
the new alternative scenario provides for the possibility that the market will go down with a deep correction; in this case, the first wave Alt: [w] would have finished January 4th (not January 3rd), the first wave Alt:w is completed, the second Alt:x is ending, and the third Alt:y would come down to 1432 to complete the wave Alt:[x].
Even yesterday I increased my U.S. stock portfolio, now it is full.
The odds for a quick upward thrust remains high.
I hope that this will really happen...

Have a great trading day...with care!


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