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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	3/25/2003 6:33:46 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Yesterday the NDX started the discussed correction with a gap down below 1.075. As mentioned the first target for the correction is still at 1.040 (later 1.020). The biggest part of that downmove already happened. Because of the better integration into wave 5' Onischka labels 1.094 (not 1.100) as the top. Together with the large down-gap (hidden waves) Onischka cannot qualify yesterdays patterns as a complete downwave. Therefore the forecast for the next 1-2 trading hours is difficult. Onischka thinks the first downwave has ended around 1.045 (or will end at 1.040) and a pullback to 1.066/67 (probable extension to 1.078) might have started. After that the next move should be down again. Feedback: Mathias Onischka (elliott@gmx.net) Regards, JK

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