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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	2/27/2004 5:13:19 AM
From: J_K	Read Replies (1) of 209892

NDX E-Wave update for Feb 27: wallstreet-online.de; The negative opening from Thursday made the positive short term wave pattern less likely. Despite the gains in the second half of the session (bounce from the discussed support at 1.461) the chances for strong price gains are low. The Intraday-Chart shows impulsive partial waves but a clear pattern cannot be identified. Several options are possible. Onischka sees a correction wave c of a lower grade with a target of 1.468. A break of that level should lead down to 1.450. The upside target (depending on the trend dynamic) is at 1.483 or 1.491. Without other patterns a top at 1.483 seems realistic so that the index can look down from there. Regards, JK

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