With a valid long in 15mi tf, it would be possible to encounter a bull leg up this afternoon and extended in time to Friday (up).
Will short covering be triggered at 490,10 ?
On higher timeframes we are looking for short entries.
Looking at the bigger picture to check reality.
A line from low in 9th March 2009 (point X) crossed line AB exactly on half the way. Look how important iimportant that associated pricelevel (312) was in end of 2009 and beginning of 2010. The line with a ratio 2.13 (a 4th square 0.14% root of 1.618) projected the high in 2015. As it was easy the halfway point 50%...
As euphoria rules to show and profits in long are made easy last 14days of trading.
Although last two days of trading the aex market seems quite flat, we have had a 5point gain in this afternoon trading.
With short signals in end of day for AEX, RDSA and ING I am looking for good entries for shorts!
Markets are still flooded with money and liquidity is everywhere.
It might be possible that longs are taking profit for the next run up. In this scenario, Point D could far to way.
I assume to short the AEX based on time at 15th of December, lets just look if price goes up till that time!
This is the Amsterdam stock index which moves similar to other European indexes, as Dollar is gaining value and US stocks rising through artificial central bank capital flow assets around the world will just keep on pumping for at least another two years and US will complete the bubble around 2020.
Trading on Thursday, bnp was bid only on several leverage products...so profits where not that big in end of the day trading.
Point C was a good point since Gann was in at 458,30 in fti
In the follow graph you can see the following 'stocks':
GOLD ETF, AEX (indextracker) and Unilever
You can also see the expanded ghost patern that will predict the marketmovement/divergence between the 'stocks'.
In this case:
GOLD will fall = AEX will rise | Unilever will fall or rise 3.5% more than the AEX will rise or fall
(or)
AEX will fall = GOLD will rise |...
AEX is forming Head & Shoulder pattern with neck line around 437.5. When neck line doesn’t hold, the AEX could drop until around 410. This will form the head of another Head & Shoulder pattern.
As a top got confirmed together with change in momentum, negative crossing of stochastics, i'm looking towards next levels.
446 as a support and bottom trendline.
Area around 438 again as support and bottom trendline.
A short position should be held as long no bottoming has formed around those levels.
Purpose is to let profits run.. everyone wants that.
So the...
30/09/16:
Db just had a huge correction forcing Germany or ECB to step in pritty soon.
With this burden on an all time low its less to bother about for indices.
Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then.
And does the world really need a new financial crash?
I dont think so...
We recently had an...
AEX seems to form a Head & Shoulders pattern, similar like in 2005-2008. Pattern starts with forming the left shoulder in summer 2013. And right shoulder starts February 2016. Right shoulder could make a top around end of first quarter 2017.
