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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	11/19/2002 4:29:03 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; As expected the NDX tested the 1.070 resistance and started the correction. The minimum target at 1.047 was met. Still Onischka thinks that the main wave iii' has ended and the pullback is wave iv'. As discussed the correction target is as low as 1.036/39. But no later than here a low must be set followed by a wave v' to at least 1.078. A bullish trend signal will be generated with a move above 1.056. In case the NDX is not able to move above that mark the chart situation becomes worse. First losses would be limited by the trend channel but later further losses are possible (even if the support 1.036/39 holds on the first try). Regards, JK

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