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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	11/20/2002 6:58:30 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Yesterday the index fell below support at 1.039 followed by further losses to the up-trend line below 1.020. Today it is very important if the index is able to defend that line. If this is possible the downmove since Monday can be counted as Zigzag with a short Failure-Five at 1.071. Therefore gains to above 1.200 in the next weeks are possible. To make this happen the index must raise right from the start, a break of 1.034 would be a bullish signal. Despite the possible positive projection the chartsituation is dangerous. With the break of 1.039 an impulsive c-wave is possible. A break of the support at 1.015 should lead to a trend acceleration with targets of 975 and later 935. Regards, JK

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