"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 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: of Alt:c