"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, February 7, 2013
SPX - Ready for a bullish breakout
Yesterdaynothing happened; the indexseems readyto continuethe uptrend with a bullish breakout in theearly stageof session, otherwise itfallsdown.
Preferred count (up): we are in wave 3 of  ; Alternate count (sideways) : wave  is in progress like a triangle
pattern. 2°Alternate count (down): wave 2°Alt: is ending and so 2°Alt:c .