"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, September 12, 2013
SPX - Topping or new scenario
The first target has been achieved; the next is 1692.
Above, the preferred count is wrong (a zig-zag pattern with wave b that retraces more than 78.6% is very unlikely).