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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: At_The_Ask who started this subject	4/3/2003 4:45:46 AM
From: J_K	of 41529

NDX E-Wave update: wallstreet-online.de; Yesterday with the start of the session the expected trendsignal with the move above 1.045 was generated. With the low on Tuesday at 1.015 a three part correction (down) ended as zigzag. On a daily basis the index currently is in wave b in a larger upwave so that the index should rise at least above 1.100 in the next days (ideally the target is much higher, see weekly analysis). Very short term: The intraday patterns yesterday were impulsive. The daily top is the endpoint of iii' of 1' (probaly a hidden wave because of the opening gap). Ideally the NDX should end the "upward fiver" today at around 1.075 followed by a consolidation for several hours. Because of the trend dynamic an upward extension is possible. The correction might go down to to 1.052 (38.2%) reached by Friday. That could lead to an inverse H&S and an island reversal. Assuming a top at 1.075 the 62%-retracement at around 1.040 must not be undercut. A move below 1.045 (at the start of the session 1.041) would be a warning sign. Feedback: Mathias Onischka (elliott@gmx.net) Regards, JK

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