"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, October 24, 2013

SPX - Temporary pullback

From a month the blog is not updated every day, as a rule, because I'm very busy at work and I'm
studying  for an important public competition.
 
On Sunday, after the late harvest in the micro- vineyard hillside home , I suffered a sudden illness and well-known by troubling symptoms : pain in the chest , neck and left arm , difficulty in breathing and shortness of breath , tachycardia and arrhythmia .My wife has loaded me into the Suv and transported to first decent hospital in the area (30 km); along the way I started to faint a couple of times and, frankly, I thought it was over.I was in the ER all night under observation, under constant scrutiny and analysis .Luckily it was not a heart attack.The grotesque thing ? During the visit, the doctor did not even medical history (such as familiarity, work, sedentary lifestyle, isolated or repeated incident ... ) and in the analysis that has ordered has not even entered the blood sugar , cholesterol and triglycerides (in any case I pay them in the ticket ... ) so he could not know , until I told him , that my father died on the second heart attack and that I'm in pre-diabetes !
The doctor discharged me 10 hours after saying that probably it was not a heart attack but did not make a diagnosis , perhaps fatigue ( I slept 4 hours at night in the last month ) and the stress of competition ( and up to there, I arrived too ... ).
It was not a good experience, I am now at rest for a week, the week in which I should give my best performance for the public competition on 30 October ...

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SPX has continued to rise according to the expected scenarios, and now seems to have reached the top of wave [3] and started the wave [4] of wave 1 of c .
The first alternate scenario is terryfing; the Cycle Top.

ElwaveSurfer





Tuesday, October 15, 2013

SPX - Close a top of minuette degree

The wave [1] is ending.
There is always a doubt that it is the first impulsive of wave 1 or of wave Alt:5 ...

ElwaveSurfer


Monday, October 14, 2013

SPX - New scenarios

Main scenario: wave [1] of 1 of c of (y) .
First alternate scenario (very dangerous): Alt:5 of Diagonal Alt:c of (y) ; the target is the intersection of the yellow up-line (1.740 until the end of October !).
Second alternate scenario: we are in the 2°Alt:d of a triangular 2°Alt:b

Have a great trading day...with care!

ElwaveSurfer



Friday, October 11, 2013

SPX - The bottom occured, bullish scenarios

I wrote yesterday that the bottom was not far away, while it was probably that of the previous day on the 78.6% Fibonacci retracement.

Now SPX could be in the impulsive wave [1] of 1 of  c minor or in the Alt [3] of Alt:c of Alt:y , so the two main scenarios are bullish.
 
There is the time to go long.

Have a great trading day...with care!

ElwaveSurfer



Thursday, October 10, 2013

SPX - Still down

Preferred scenario: wave x of [y] of y of b
but the market could not be too far from a bottom.

ElwaveSurfer



Tuesday, October 8, 2013

SPX - Ready for a drop

No rebound.
The market could be at the end of a triangular wave [x] , ready for another downmove.

ElwaveSurfer


Thursday, October 3, 2013

SPX - Temporary rebound

The short term trend is still bearish but a rebound is likely with (maximum) target @ 1708.

Preferred scenario; wave y of upward wave [x] of y

First alternate scenario; Alt:x of Alt:[2] of Alt:c

ElwaveSurfer


Tuesday, October 1, 2013

SPX - Still down

Slight upgrade in the counting.
Considered that it is unlikely that the current bearish wave is an impulsive, the preferred count becomes: [y] wave of y minute of b minor in form of irregular pattern, while the first alternate scenario: Alt:y of Alt:[2] of Alt:c
First target 1669.

ElwaveSurfer