AEX short term update

The AEX is completing a large 3-3-5 Flat pattern according to the Elliott wave principle that started at the low in Feb ’09.

130508 AEX

A large Fibonacci time ratio indicates a potential turn date at May 10th (in calendar days). The same ratio can be found in the Nasdaq 100. See below.

130508 AEX

Zooming in, wave C of the large Flat appears to be unfolding as an ending diagonal, as described earlier. Wave d of this structure is a ending diagonal, also predicted earlier, and the index is now completing sub wave 5. This will end the pattern. For the price target earlier I projected the 360-365 range. If the labeling of the final wave e is correct then the AEX should not exceed 366.66 (dotted line) as wave 3 cannot be the shortest.

130505 N100

The Nasdaq 100 index is now in a Fibonacci time frame between May 7th and May 11th. See chart.


All this coincides with a Solar eclipse on May 9 (May 10 in Europe).

One comment to AEX short term update

  • Tehachapi  says:

    I must thank you for the efforts you’ve put in writing this website. I’m hoping to see the same high-grade content from you in the future as well.

Leave a reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

To avoid spam, moderation is turned on. Before a comment appears the author of the article must always approve the comment.