What I said here could could seem abstract: http://www.elitetrader.com/vb/showthread.php?s=&threadid=19770&perpage=6&pagenumber=4 "within my framework I don't really need to count waves and calculate fibo ratios since you can see the form of the curves : it's kind of circular strings so what you see is directly or litteraly cycle picture that one can translate into waves but the underground hidden "reality" if I can express thing like that is cycle. Perhaps I should call my stuff String Theory to distinguish from (Elliott) Wave Theory. " So for you to SEE it I had put the path followed by the market until friday. remark that each cross-target acted like crossroads on a motorway since it is there that market decided to make U-Turn . Note that the green cross-target at 9104 had been crossed again so the bullish implication. <IMG SRC=http://harrytrader.membres.jexiste.org/string_path.gif>