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See attached GIF (AEX990716.gif).
An update on my previous "Diamonds for the AEX"-mail:
Subject: Diamonds at work (AEX-0430.gif)
Date: Fri, 30 Apr 1999 16:41:25 +0200
Since the Cup&Handle-pattern was completed, by the AEX returning
to it previous breakout level @ 545, and the AEX's current move further
to the upside, breaking the 578-Resistance level and getting close to
break the ATH @ 600.60 to the upside, then a for the moment re-test
correction back to the former Resistance break-out @ 578 is to be
expected. Will this now-Support-former-Resistance-level hold, then
the long expected re-test of the ATH @ 600.60 can start and most likely
will temp-hold at the +1/3 (+33.3%, = 4/3) Fractal Retracement level @ 632,
and at this level than also coinciding with the first(1st) Patterns' Target
found below.
Further future Targets:
ST -1st Target 632 (from Diamond-2 and larger Triangle breakouts @ 542)
IMT -2nd Target 676.90 (from H+Ss collapsing of the neckline @ 510.60)
LT -3td Target 806 (from mid of June's Diamond-1 breakout @ 572)
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
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