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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	12/6/2002 4:37:34 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Without surprise the NDX turned down yesterday - the wave scenario is still valid. Onischka sees two possibilities for the next days: a) We see a weak start and straight further losses to 1.000 will follow (first target would be 1.036). b) The NDX does not start weak and a trendchange happens around 1.049/50 followed ba a break of 1.059. This will continue the flat phase of the last two sessions. A wave c'' of 2' is then possible with gains to 1.080 (ideally 1.088). Despite some bullish divergences in the short-term intraday chart Onischka favours the negative scenario as long as the NDX trades below 1.059. Regards, JK

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