"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)

Friday, February 7, 2014

SPX - At the crucial point of the rebound

The expected rebound has arrived.
There are several options; it could be:
> the wave (c) of 2 of downward wave [c] (this scenario is invalidated if the market still goes up)
> the impulse wave Alt:1 of upward wave Alt:[1] if wave 2 is already over.
> the impulse wave Alt:1 or a of upward wave Alt:[a]
> the impulse wave Alt:a of upward wave 2°Alt:[2] (if 1850 is the Cycle Top)
The only thing is that it seems a credible impulse wave .


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