"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, August 26, 2013

SPX - the market will go up but perhaps not at once

Considering I do not think the last top is the CYCLE TOP, the first two scenarios are the following:
Preferred scenario; we are in upward wave c of y , the last impulsive wave of this Cycle; this count is invalidated below 1639.
First alternate scenario; the last top has been wave Alt:a of (y) ; now we are in wave Alt:(a) of Alt:b with target @ 1560.
My US stock portfolio is: QCOR, GMCR, FLT, SLM
Interesting leading names: LNKD, SFUN, NUS, WWWW, EGOV, OCN, EVR, DDD.
Have a great trading day... with care!

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