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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject10/24/2002 5:43:20 AM
From: J_K  Read Replies (2) of 209892
 
NDX E-Wave update:

wallstreet-online.de;

Despite several tests the NDX yesterday was able to defend the support 953 successfully. Therefore no downside potential was created and the index moved up. The target of 1.000 is not reached yet.

For today Onischka expects the start of the long overdue correction that should last a few days. But as long as the index trades above the trendline (see chart) only short counter trend moves to 970 are expected. Ideally 967 and 965 should be broken. Before that Onischka recommends to be be careful with shorts because the resistance at 1.020 seem to be a big "attractor".

Next sup is at 953 and 937.

Regards,
JK
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