aex tagged posts

The AEX is 1 point away from the upper Jupiter channel line. This line is at 371 on Tuesday, slowly climbing to 372 on Friday. The AEX is in a similar situation as May 2012 where the Lunar Eclipse right after the Solar Eclipse triggered a trend change. See bottom image...

AEX is approaching the next Jupiter channel line (red), that has been a good indicator of turning points in the past. See image below. Today the line stands at 370 and is slowly moving up to 371-372 on May 24-27.

In the bottom of the chart I added the Moon cycle, showing the New Moons (highs) and Fu...

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.

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.

Zooming in, wave C of ...

AEX, DAX, CAC correlation

It is still a common belief that the AEX follows the DAX. As I have been saying for years now, this is not the case. The AEX follows the CAC much closer than the DAX.

The AEX might have followed the DAX better in the pre-Euro era, since the Guilder was pegged to the DeutchM...

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 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...

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...

The AEX is still holding above the lower trend line. With the options expiration out of the way, the AEX is clear to pick direction. The USA indices were up on Friday (SP500, Nasdaq) while the DOW was flat due to bad IBM Q1 results. The preferred scenario still favors a bounce up from here...

It’s the Third Friday of the month, so the AEX/FTI options expired.

The expiration period is from 15:30 to 16:00, after which the settlement price is set, which was 340.68. The optimal expiration price was 345, at this price most open contracts expired worthless, see chart below...

The AEX counts best as an ABCDE ending diagonal that needs 1 more leg up. See the April 12 article. Wave D either ended in February or is ending right now, in which case wave D is a triangle. Regardless, in both counts, wave E up is needed to complete the pattern.

Notice the extraordinary amount ...