quote:
Op vrijdag 20 februari 2009 11:42 schreef pberends het volgende:MARKET COMMENT: AEX steun 227-220 staat nog steeds
20-02-2009 11:33:00
AMSTERDAM (Dow Jones)--De AEX zit momenteel in een proces van bodemvorming, aldus technisch analist Roelof-Jan van den Akker van ING Wholesale Banking. Hij verwacht dat de kans aanzienlijk is dat de AEX in staat blijkt steun te vinden in de zone van 227 punten tot 220 punten. "Ondanks de daling van de index in de afgelopen dagen staat deze steun nog als een paal boven water. Ik verwacht dat de obligatiemarkt gaat toppen en dat impliceert dat de aandelenmarkten profijt zouden kunnen trekken van een toestroom aan geld", aldus Van den Akker. De AEX noteert vrijdag rond 11.30 uur 2,8% lager op 231,06 punten. (ANS)[..]
Zo, hoe tegenstrijdig kan je zijn zeg! Ongelofelijk!!!!

Eerst hel en verdoemenis beweren en 2 weken later beweren dat we aan het uitbodemen zijn!

Wat een draaikont!
quote:
Technisch analist ING is "very bearish"
02-02-2009 18:56
Technisch analist Roelof-Jan van den Akker van ING is heel somber gestemd. Hij hoopt dat hij verkeerd zit maar de voortekenen zijn 'verschrikkelijk'. Lees verder voor de uitgebreide update van vandaag (in het Engels).
ING Technical analysis morning update
Good morning,
I am bearish.....VERY bearish.....Should be no surprise for regular readers....Below, I like to explain why these risks in the markets are that HUGE at the moment.....Again, a CRASH set-up for collapsing markets in the coming weeks/months....HIGH level of CONFIDENCE....we recommended a 'SHORT' position on the 21st of January and we stick to this view, despite the rally....The only thing we can say here is....please bury yourself in the April put series.....seems to be an excellent trading opportunity.....
Let's put it this way....I HOPE THAT I AM WRONG THIS TIME.....BIG TIME....AS THIS IS LOOKING HORRIBLE.....Unfortunately, solid trackrecord on bear market calls so far....
1) Currency story...
Please, look at the enclosed charts....classic textbook technical analysis....Downside breakout in the past few weeks...currently showing a pull-back at the moment, offering an interesting selling opportunity......Likely been followed by a continuation of the Downtrend in the coming weeks....Please, keep in mind the high correlation between Euro weakness in the second half of 2008 and the CRASH in the Equity markets....
2) Money flow story....
Last week we showed you several markets with money flow lines....EXCEPT Dow Industrials....ALL pointing south....Not a sign of a healthy market...NOT AT ALL...Please, remember the premise in technical analysis....VOLUME LEADS PRICE..... We enclosed the Dow Transports daily and monthly chart....Daily chart very critical, with prices bouncing above the crucial horizontal support level at 2,950....Please, look at the Money Flow....making new lows and testing previous resistance....Not a question IF prices will close below 2,950 but WHEN... Monthly chart....far above the 2001/2003 lows at 2,000....UNBELIEVABLE....This market has still to correct to 2,000...THIS MEANS A FULL 1,000 POINT DROP IN PRICES FROM HERE, BEFORE WE HAVE A BOTTOM..... THEN WE HAVE A LIKELY BULLISH DOW THEORY DIVERGENCE....WITH TRANSPORTS TESTING THIS SUPPORT AND INDUSTRIALS LIKELY MAKING NEW LOWS BELOW 7,500.....
The enclosed weekly CLOSING chart of the Industrials is already making NEW LOWS in the current BEAR MARKET.....
3) Dutch Blue Chips....
We referred to the critical top formation in Royal Dutch in the past two months....Very critical chart and to us this is just a matter of time before this top formation will be completed below the 17.70-17.30 support area...Interesting to see is the volume graph below....The Volume on a down day, last Friday, was higher as the day before when Royal Dutch announced their results...NOT a bullish sign.....A close below 17.70-17.30 is pointing to a price target of at least 12.00 and more likely 10.00....Please, remember the 22% weigth in the AEX and the 0.86 correlation..... Besides Royal Dutch we see another potential large top formation in a Blue Chip....UNILEVER.....This stock is showing the building of a large top formation above the crucial 16.70 support level.....A WEEKLY close below this level is suggesting the completion of a 3 to 4 year large top formation....Triggering a serious longer-term SELL signal....Longer-term price target at around 7.00 (!)..... The MONTHLY chart is showing a large sideways pattern during the last 13 (!) years.....a MONTHLY CLOSE BELOW 15.70....is confirming the already bearish outlook in the weekly chart.....Please, notice the horizontal support line is exactly corresponding to the longer-term price target at 7.00..... Again a heavy weighting stock of 13% in the AEX.....Therefore, we consider the trend in these stocks as crucial......we believe that a DOWNSIDE breakout is most likely..... Furthermore, it is CLASSIC in a bear market these two Blue Chips will sell-off before the market will achieve a FINAL low.....Taking the downside potential of these two stocks into consideration we could see the final CAPITULATION in the market we missed last year....and therefore, we NEVER considered last year's low as the bottom in the bear market..... Both Royal Dutch and Unilever are the lenders of the last resort in relation to the AEX....so, we consider these two stocks of major importance for this market....Of course this is the worldwide picture for Equities....
4) Bond market....
Normally, we should expect a flight into quality....given the situation on the Equity markets....Schatz already bottomed and closed above the EMA-9 line at 107.75 last Friday.....A break above horizontal resistance at 108.00 is indicating a continuation of the uptrend......in this scenario we will raise our price target to at LEAST 109.00....But 112.00 is WELL POSSIBLE...we already mentioned we should expect the next strong rally as a POSSIBLE FINAL BLOW-OFF.... On the other hand we have NO confirmation in the Bund so far.....Prices are consolidating above horizontal support at 121.50, with a low at 121.97 last week...Momentum is weakening rapidly....suggesting further falling prices..... Therefore, we cannot rule out further short-term weakness, before the rally will start.....This is suggesting the POSSIBILITY of a short-term rally in Equities.....In the development of a short-term higher low within the current correction...... We like to see CONFIRMATION in the Bund by a close above the MA-50 line and EMA-9 line....both around 123.30.....This would suggest the next rally in the Bund has started....
ALL IN ALL, THE OVERALL PICTURE IN THE EQUITY MARKETS IS WEAKENING RAPIDLY....NEVERTHELESS, THERE IS STILL THE POSSIBILITY OF A SHORT-TERM RALLY WITH PRICES MAKING NEW SHORT-TERM LOWS WITHIN THE CURRENT WEAKNESS...FROM HERE A RALLY INTO THE HIGHS OF NEXT YEAR IS STILL A POSSIBILITY....OFFERING THE NEXT SELLING OPPORTUNITY....THIS WOULD BE JUST A DELAY IN THE DEVELOPMENT OF THE NEXT EXPECTED SHARP DOWNTURN IN THE EQUITY MARKETS.....
Trend Monitor will be send around noon.........
Kind regards and have a nice day,
Roelof-Jan
[ Bericht 0% gewijzigd door Dave7 op 20-02-2009 12:19:08 ]