AGN, ASML, BEL20, HEI, ING, KPN, PHI, TPG, UN long term updates



It has been a long time since the last update. This doesn’t mean lack of activity, several brief posts have been posted on Twitter @JohnUSA. Today, instead of the usual AEX updates, here are some individual stock charts. The AEX is still in a topping process that should end pretty soon.

Aegon (below) looks terminal. Not even sure if it’s gonna make 2021. That’s all I have to say about it.


ASML is in the final stages of a long term uptrend. The shape of the advance suggests a crash-like correction instead of a slow descend.



The Belgium index is finishing up a long term counter correction that started in 2009:


Heineken, like ASML is in the final stages of a large uptrend. After that expect an A-B-C style decline into the 2020-2022 timeframe.


ING (like AGN) looks terminal as well. It’s final ‘goal’ should be below 2, the 2008 low. Perhaps it goes to 0.


KPN looks pretty sad as well and will eventually be reduced to a penny stock. Or Zero.


Philips is in a large corrective pattern (a ABCDE triangle or so it seems) that started in 2002. Once complete the final descend should lead to new lows in the 2020-2022 timeframe.


TPG is still in a large corrective pattern but will also eventually be reduced to a penny stock.


Unilever is in the late stage of a large uptrend. Once wave 5 is complete, Uniliver will join the rest into bear market territory until at least 2020.