This is my current working hypothesis. AEX going to 420 in the first week of September. Why? Well, there’s a number of indications, most of them not shown on the chart. In short, several (Fibonacci) levels come together here in price & time...
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As reported on Twitter (@johnusa) yesterday, the AEX (see image) was fast approaching one of its Jupiter lines (red) at around 446. As history has shown, this is often a point of reversal. If this were the case this time it would indicate a top.
Interesting enough, the Jupiter line is descending, in...
Read MoreFrequent readers know what’s going on. Please read the previous articles to see what’s going on here.
In order for the longer term ‘working model’ to stay valid, the AEX needs to decline very soon. First target is around 370 where there is some support (and a Jupiter line)...
Read More4 Charts, starting at Long Term, going to Short Term. The first chart (long term) has been discussed in earlier posts on this site.
Medium Term the AEX started wave D (red) on Jan 15th ,2014. The first target is around 325-335 (dotted horizonal line)...
Read MoreA brief update on what *might* unfold over the next several days.
The AEX appears to be completing a corrective Flat (a-b-c) which is retracing the wave 1 decline that started in January. A possible top might be around April 8th where several Fibonacci time ratios come together...
Read MoreThe AEX made a recovery high on Jan 15th, while the DOW made an ATH on Dec 31st. This is (so far) still consistent with a predicted high in 2013. See DOW chart at the bottom. It’s interesting that the DOW pushed this prediction to its limit! So far so good...
Read MoreShown is the AEX with a modified Stochastics, the Moon Cycle (Sine wave) and Volume. Volume is dropping, indicating a weakening (up)trend. Stochastics is entering overbought territory. The next New Moon will be Feb 28th/Mar 3rd (this is a weekend so trading days are used).
If, and this is currently...
Read MoreThe AEX is finishing a small degree 5 wave that should bottom Monday (at least 375?), or early in the week. This move is part of a larger impulse wave that started in the second half of November...
Read MoreTime for an update on the long term chart. The chart below is slightly adjusted from the June update, but the concept stays the same. Unlike the DOW Jones, which is setting all time highs at each Fibonacci year, the AEX and the European market in general is setting lower highs...
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