AEX closing in on target

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...

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AEX Short Term Update

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...

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AEX: End Game 2021

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...

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AEX Short Term Update

Interesting developments coming up in the AEX. Over the last few weeks we’ve seen increased volatility, related to news events such as the USA debt ceiling hoax and the government shutdown. But news doesn’t create the price, it only affects its volatility...

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AEX Short Term Update

Wow, almost a month went by since the last update. That being said, the last update was on track and is still valid. Here’s the image from that article:

130818 AEX

And here is the update for today:

130919 AEX

The AEX is on its way to the upper of a large parallel trend channel...

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AEX short term update

It has been a while since the last update. Below is a snapshot from the June 14th update. This was a bullish alternative view, that at first did not seem to play out. But after a larger than anticipated correction, the AEX recovered to new highs. This is where we are now.
130520 AEX bullish

So what’s going on? ...

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Coach: leading indicator?

Looks like luxury branch ‘Coach’ is a leading indicator for what’s ahead for the AEX (and related indices). Top b circle end of July, dip B in Sept-Oct, and dip (C) in 2014. This saves me a lot of work :-)

130704 Coach

Image credit: Elliottwave.com

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AEX Long Term Update

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...

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AEX short term update

130622 AEX

So what’s up? It’s pretty clear by now that the peak (May 28th) is in. The decline is steep and currently oversold. I’m not a fan of overbought/oversold indicators, since they can stay in an extreme for a long time...

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AEX recap and outlook

Let’s do a little recap first. The chart below is from May 16. I projected a top around the May 25th eclipse because the following indicators all seem to come together:

  • A complete Elliott wave count (a 1-2-3-4-5 or a A-B-C-D-E) 
  • The Eclipse, which often correlates with a trend reversal within 1-3 ...
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