Elliott tagged posts

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...

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 (b...

Frequent 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)...

4 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)...

A 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...

The 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...

Heineken shows multiple patterns that it justifies its own post today. Since the top in March last year, HEI appears to be completing an A-B-C corrective pattern. Since A and B look like a 3-wave and C like a 5-wave it must be a 3-3-5 flat  (although it’s not flat, it’s more like a zig-zag)...

The AEX has reached the upper trend-line dating back to 2011. So far, ALL important reversals in the past several years hit the Jupiter lines (explained here) either intraday or end-of-day (red wave lines). This target is currently 410-413...

The 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...

Time 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...