Just a quick note here. the Nasdaq 100 index might be entering a Fibonacci time frame between May 7th and May 11th. See chart.

DOW Jones Industrial & Fibonacci

To look at important turning points in the market, it often helps to use Fibonacci time ratios. In the chart below I use a very(!) long term price chart...

The AEX, once heavy on financial stocks like ABN, Aegon, Fortis and ING, today only has ING and AGN left. Of these only ING with a 11% weight in the index still counts as a heavy weight. So what’s in store for ING long term and short term?

ING appears to be tracing out a standard 5 wave impulse as ...

As the ECB was announcing its interest rate decision, the Sun was transiting. As a matter of fact, the market started moving a few minutes before, right as the Sun ‘hits’. Frontrunning? Also note that the low and the high of the day were marked by Neptune. You can’t make this stuff up.

The support line from Dec 2012 first broke in April, then got retested. It hugged the trend-line for 6 straight trading days and now appears to be leaving it, the so called ‘kiss goodbye’. The first area of support is around the 14500 area, which has a lot of accumulated volume...

The AEX is in a topping process. While the Elliott pattern calls for a new slightly higher high (360-365) as described earlier, the AEX appears to be stalling. If we combine this with the cycle count, we can only conclude that something else is going on...

No Update this weekend as I was doing some traveling. Along the way I found this photo opportunity…

Many ‘gurus’ seemed surprised by todays 9 point gain and scrambled to find ‘news’ to ‘explain’ this 2.67% rise. In my opinion news is the result, not the cause. By disregarding news and ONLY looking at the ever developing chart pattern, see past articles, there was no surprise...

This article explains what the effect of open interest is on options, and how we construct an indicator based on this data. This indicator was developed here and is called ‘Open Interest Index’ or OIX.

The full version of this article was published in the Nov’03 issue of Stocks & Commodities Magazin...

How to predict support & resistance levels using volume?

Volume by itself contains too much noise to be a useful indicator, so several tools are available to make volume more useful: RoC (rate of change), MF (money flow), OBV (on balance volume) to name a few...