Elliott and Fibonacci Patterns: SPX

Thursday, August 29, 2013

SPX - Close to a bottom?

There is the possibility that the wave a of a zig-zag b wave is over on the double Fibonacci price cluster in the 1634 area, but could be useful to wait for a confirmation today.

Have a great trading day ... with care!

ElwaveSurfer

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When the pattern of a reliable average is favorable under The Wave Principle, follow the recommendations below:
A) Select the groups which perform in harmony with the average;
B) Then select stocks that move in sympathy with these groups;
C) Always choose stocks that are constantly active, medium priced and seasoned leaders;
D) Diversify your funds; i.e., employ more or less an equal number of dollars in from five to ten stocks, not more
than one stock of a group. Trading in less than five stocks is preferable to more than ten stocks.
(R.N. Elliott - Educational Bullettin December 1939)

Pagine

Thursday, August 29, 2013

SPX - Close to a bottom?

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