"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%)


ElwaveSurfer

2 comments:

  1. The bears HATE this market, keep trying to get the top, but FED keep injecting money, just not so much as they were before. We are still going up. This is one scary chart.

    Check out this scary chart ===> http://bit.ly/1fMcakI

    Basically the way you look at this, it means, we keep going up on the market, every time there is an injection of money by teh fed. Do you love it? can you smell the top? welll.... I dunno, but if you are smelling something, it smell like more verbal diareha about the fed, and how they are ramping this market, before the death crash like 2008 is coming.

    Remember how everyone got tricked into that con job. The market goes andn crashes every 7 years from 2000 so that means things will get very interesting in the next sevearl years.

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  2. very very good charts have been posted by you and that too profitable........
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    ReplyDelete