Jul 23, 2010

AEX - Elliott Wave Update

The European (Dutch) market looks bullish as well as the US one. As early as this week we'll see how strong the new rally really is. Friday performance already showed us that it doesn't seem to be the optimum. It retraced normally (healthy) at 61.8% Fibo, and as you see we are up again.
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I've got to say that I'm not quite sure about the emerging pattern on daily base, but sure there is more room for the price to go up.

                                                                                                                     Some Dutch history
Dutch Expansion in the East IndiesImage via Wikipedia
Good luck!



2 comments:

Milen Kolev said...

OOPS, I haven't had so SEXY comments!

Designer Casket said...

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