"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 11, 2014

SPX and NDX in correction phase

NDX has confirmed the preferred scenario, wave [a] of 2 of 5

while SPX appears in his alternate, wave a of [4] of c .

Given that the two scenarios are in divergence, one of the two is incorrect.

Long FB, UA, TSLA (ALXN in stop loss, - 3%)