"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, July 22, 2013

SPX - Elliott Wave update

The two-week holidays are over, the last one was very difficult without internet connection to publish a post and, particularly, to control my Broker's account.
From today I restart with daily updates.

SPX has exceeded the all time highs, giving precedence to my last alternate count on intraday charts but confirming my short and medium term preferred scenario, according to which the Cycle bull market was not yet finished.
Now the index should be in wave [3] minuette of a minute of y minor of (y) intermediate.


Last Friday I bought BIIB @ 228.10 and LNKD @ 203 ;
always open KKD , bought on April 9  (after my report of April 7 on StockTwits) that I had not closed by mistake (this stock had gone in stop loss but I had not placed in the Broker's platform (!!!), which proves that in trading, as in life, we also need a lot of luck considering that it gains + 30%...)

(with CanSlim Composite Rating, 0 minimum - 99 maximum)

I'm looking for a long position, on flat base pattern breakout, about these leading stocks:

TRIP 99, VRX 99, QCOR 99, ILMN 98, GMCR 97, LL 97, ACT 97, PRLB 97, SLCA 97, AWAY 96, FLT 96

Have a great trading day...with care!


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