"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, April 13, 2012

SPX - Doubtful situation

Quick update
 
Preferred scenario; downward continues beyond the minimum mark in 1357
Alternate scenario; upward continues over the top in 1422. 
It is not an appropriate time to open positions.  

I am in doubt, so I stay out.
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