PeruTraderCharts: $SPX: EW count and forecast. Confirmation wave 4 is in play.

Wednesday, September 26, 2012

$SPX: EW count and forecast. Confirmation wave 4 is in play.

Pitchfork with fibonacci lines is confirming wave 3 is in place and wave 4 is in play. 1,434.90 is the line on the sand for triggering bearish mode, because it was where QE3 rally start.

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Bio:

I'm a civil engineer. I am a graduate of the Ponticia Universidad Católica in Lima, Peru.
Since 1989 I have managed several construction and real state companies in Peru and my current position is that of President and CEO of Aricsa Holding in Lima: http://www.aricsa.com/
In 2005 I became interested in Technical Analisys and have been studying it since. I have a special passion for Elliott waves and the Fibonacci sequence. My field of research is Phi (1.618... ) and its influence on the mass psychology of the participants in financial markets. My observations have led me to develop, and prove, four new rules that I believe expand our knowledge of Elliott waves.
After 1 year of real time postings that have tested my hypothesis. I am now posting my predictions on the MTA forum: http://www.mta.org/ and expect sincere criticism by the technicians community from whom I want to earn their respect.

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Wednesday, September 26, 2012

$SPX: EW count and forecast. Confirmation wave 4 is in play.

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