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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	2/28/2003 5:38:38 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Yesterday a wave overlap at 982 opened the long side again but no new high above 1.000 was marked. Nevertheless the NDX stabilized on a higher levels. To forecast the next hours Onischka sees the E-Wave-Theory of little help but still sees a downmove to 930+ in the next days. Onischka counts the patterns of the last days as corrective triangle. AFter a friendly start the NDX should fail at 1.000 and might turn down again. A break of the triangle to the upside would lead to prices of 1.015+. A move below 986 (lower triangle limitation) should activate wave c' down to 965 (ideally: 954). A confirmation of that down break would be a break of 977 (after the break of 986). Very short term Onischka sees an indecisive situation that should be decided in the first trading hours. Regards, JK

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