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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	12/13/2002 4:21:50 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Despite the positive opening the NDX was not able to move up to at least 1.060. Trading was flat, as in the last days. Generally Onischka interprets the movements since the weekly low as a consolidation before the next larger downmove. The only question is, where that downmove should start (the price area 1.059/60 is a good candidate). With yesterday's top all prerequisites are fulfilled to start the next downmove. To extend the correction for another 1-2 days the index has to turn up again in the 1.020 area and has to re-break 1.032. This could lead to prices around 1.060 an another down wave next week. If NDX is not able to do the mini trend change above 1.020 further losses to 1.015 and 1.000/03 will follow. Regards, JK

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