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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	1/29/2003 7:32:32 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Yetserday again the NDX was able to defend support at 978+. Despite the slow upmove Onischka sees a chance of a break of the downtrend line today. A couple of prerequisits are necessary: At the star of the session a new interim high has to be set. With an indifferent opening the index must turn up above 994 (ideally 998) and reach a new high at around 1.010 (central resistance). The second pullback should not move below 1.000. Otherwise an overlap would occur that invalidates that count. Generally Onischka sees the NDX standing on "wackeligen Beinen": Because if 994 falls another correction should follow and the central support at 978 might break (losses to 960 and 930+ are the consequence of that break) Feedback: Mathias Onischka (elliott@gmx.net) Regards, JK

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