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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	4/1/2003 5:40:31 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update: wallstreet-online.de; Yesterday the target around 1.020 was met and underbid - no trend change so far. As discussed the current price area is very important: to continue wave C the NDX has to build a bottom today to make a trend change above 1.007. Today the index should finish the downside impulse above 1.010-15 an rise from there. Main resistance is at 1.044 - a break of that level will create a buy signal and confirm the overall scenario. Ideally the NDX is able to manage a fast and dynamic rise to above 1.044 today. If the NDX should turn down again at around 1.030 in a corrective pattern Onischka expects further down-waves. In case of a break of 1.007 the alternate count (big wave C down on daily basis) could bring the index down to 860+. Feedback: Mathias Onischka (elliott@gmx.net) Regards, JK

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