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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/10/2003 3:20:06 AM
From: J_K	Read Replies (2) of 209892

NDX E-Wave update: wallstreet-online.de; In the last session the NDX reached the targeted area at 1.300-1.308 and set an interim high. Despite the downmove in the last hours the uptrend is still intact (no reversal signals yet). Looking at the daily chart the NDX could turn down any time and a several months lasting downtrend could start. An extension of the uptrend for several hours is also possible but Onischka expects a top. The short term wavecount does not change: With the current top at 1.307 the NDX completed iii of 5. Because of the missing break of the uptrend line Onischka sees an extension of subwave iv. For Thursday Onischka expects a flat opening followed by another rise to 1.315 and/or 1.325. After that a downwave should break the uptrend line. Kontakt: m.onischka@gmx.de Regards, JK

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