|
PureBytes Links
Trading Reference Links
|
Chart is semi-log(AEX=Amsterdam Exchange, soon to be converted to EURO)
To have the A-wave Leg to finish:
-For the moment target at 973(H+Ss collapse on HIGH-day 980721)
-when valid : counter move(Leg B-wave) to be expected towards 50% retracement 1148
-Soon to be expected 913(H+Ss collapse neckline fallout day 980827, the proper implementation)
-when valid : counter move(Leg B-wave) to be expected towards 50% retracement 1118
(this as the first target might not end up to be the VST correction LOW).
CMO+RSI / Price 2nd bottoms divergences indicate that an end of VST corrective A-wave
is near.
Maximum outcome of total techn-correction(A,B+C) can end up to be a re-test of
intraday 764.97 level, but this is not likely with last years previous tech-correction
support @ around 850. Perhaps in a drastic period(panicing) a new intraday Low
at 796(target Wedge-3 fallout) will be made, otherwise 871(target Wedge-1, the
former Up-Trends reversal indicating drop-out pattern) is valid(=also IMT support).
Note that this is the market's representative index, wich at first will not drag all of the
other stock down with it, but <913 will affect the entire market.
Also consider markets to excaturate to the top as well as to bottom very often, this
implementing that the relative prices(SMA50,150,200) are to be the right price
(in time).
The above movements can be implemented on many international indexes(indices).
Reg. Ton Maas
Ms-IRB@xxxxxxxxx
Attachment Converted: "c:\eudora\attach\Aex-0912.gif"
|