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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	1/30/2003 7:07:57 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Right after th start the index fell below 994 but was able to stabilize above 978. After a flat phase the NDX rose and was able to re-break 994 and also broke the down-trend line. Onischka sees the rise as impulsive ending with a top at 1.023. As long as the index bounces today above 1.005 another rise to 1.040 could follow. If 1.005 and more important 998 will not hold it should only be a question of time before the NDX will undercut 978 and should continue the downtrend. Best case would be a several day flat between 980-1.020. Feedback: Mathias Onischka (elliott@gmx.net) Regards, JK

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