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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/17/2002 4:57:08 AM
From: J_K	of 209892

NDX E-Wave update: wallstreet-online.de Onischka sees the downwave in the second half of yesterdays session (still) as a correction. Therefore ideally the index should turn up today. To generate further upside potential to 1.045 (and later 1.076) the resistance at 1.020 has to be broken. Important support levels are at 999 and 980. As long as the NDX defends these levels, the lights are "green". A significant break could lead to losses to around 900 because Onischka thinks that the fourth test of the support at around 950 might not hold. Regards, Jk

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