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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/9/2002 5:22:34 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de Onischka thinks that yesterdays pullback fulfills the criteria for a complete pullback. Technically he sees another upwave coming. Ideally the index should open flat and then rise to 1.042/44 (buy signal with the break of 1.022). If the resistance at 1.042/44 breaks, further gains ar possible. If not, the consolidation will be expanded till Wednesday with a possible test of 995 later. If the index opens weak the important support at 995 will be tested immediately. A break of that line will reactivate the downtrend with a target of 950. Regards, JK

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