Sunday, December 10, 2017

AEX Elliott Wave Musings Update

This update should be read in conjunction with AEX Elliott Wave Musings which was revised on 26 December, 2016.

It presents the tentative Elliott Wave count as I imagine it.

SuperCycle (V) - Cycle I - Primary 5 - Intermediate 4 down / Minor A down. The hypothetical time horizon on the remainder of Primary 5 and thus Cycle I is Intermediate 4 down and 5 up (January 2016 - December 2020). A potential target on this projection for Cycle I might be 650.

For a graphical display look at the AEX Monthly Chart.

Don't hang your hat on this kind of analysis. It will be wrong more often than not. It is only a human and therefore feeble attempt to create some order out of seemingly random market movements.

I don't trade or invest according to these views. For that purpose I only use the Trend Trade & Investment Principle which is explained at the bottom of this blog. Please also read the disclaimer there.