Aug 12, 2010

SP 500 - "Y" wave might began

          Despite my expectations for higher levels the bigger pattern "W,X,Y" still remains valid, just one more stop hit, refreshing my face. So, I just have to kick myself back in the race. 
        This time I come up with a candlestick count, which perfectly fits the Fibonacci Sequence numbers as tops and bottoms, taking the top, made in 4/26/2010. I have included a charting tool as well, which helps me to determine support/resistance levels and potential target zones. That tool is made, based on Fibonacci and Gann calculations. Now I am testing it. If it works properly  I will continue to use it, combined with wave count.





No comments: