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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	3/13/2002 9:26:27 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de Because of the large gap down, Onischka cannot examine the exact wave count but thinks that this downmove is impulsive. Ideally the index would turn up for the rest of the week with a possible target of 1.600. He thinks the gap will be closed till the beginning of next week. The second scenario would be a correction to 1.400 if the index is not able to hold 1.506 and later 1.489/1.450. If the index is able to move up and close the gap, Onischka recommends to set a stop loss at 1.515. Regards, JK

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