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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	11/21/2002 5:22:55 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; With yesterday's development Onischka sees the weekly forecast still intact. After the break of 1.076 he expects rising prices next week. The rise since Tuesday's low is clearly impulsiv with a completed impuls sequence. If the count is correct the move can be labeled as wave i' of 3'. Therefore Onischka expects a top in the first half of the trading session followed by counter trend move. Onischka expects a top below 1.075 and a correction target of 1.052/54. A break of 1.064 starts the consolidation. If the support of 1.052/54 does not hold the uptrend is in danger. Below 1.040 the chart situation becomes worse, a move below the up trend line (~1.035) generates larger short signal. Ideally the NDX should turn up again around 1.050 area and a break of 1.075 should happen. This generates upside targets of 1.110 and 1.130. Regards, JK

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