fibonacci tagged posts

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...

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...

To keep things in perspective it is good to keep the long term outlook in mind. I do this in this post. First a bit of short term. The AEX is currently retracing a decline. Over the next several weeks I expect the area around 350-355 to be sufficient resistance...

The 7 trading days since the top brings the AEX right at the previously projected first area of support. See image. While the decline looks straight on this chart (like an impulse) on the intraday chart it is actually choppy...

Unilever is approaching a Fibonacci price relationship at 33.30. See chart.
Zooming in (see chart below), Unilever’s uptrend is weakening. One indication of an ending diagonal is decreasing volume (yellow line at bottom). This move will soon be exhausted.

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 ...

The Nasdaq 100 index is now in a Fibonacci time frame between May 7th and May 11th. See chart. This coincides with a Solar eclipse on May 9 (May 10 in Europe).

A good time to take some profits?