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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (2112)	5/9/2001 5:52:51 AM
From: J_K	Read Replies (2) \| Respond to of 209892

Allan, no need to learn German :-) If you feed babblefish with the link it gives you ( I didn't check it ): ------------------------------------------------------------ Elliott Waves: Good chances for a strong rise Chart CHECK: Dow Jones and Nasdaq100 The Elliott Waves sees a non-uniform start for the Nasdaq100. Afterwards the index is to turn however in the plus and to test the resistance at 1.980 points. The Dow Jones could rise after a weak initialization up to 11.000 points. Daily view the USA for Tuesday, 08 May The Nasdaq100-Index yesterday carried out the expected consolidation in the first commercial half. It was important that for yesterday central support at 1.880 points held. Did not succeed yet exceeding the course high of Friday again however thereby the very short term wave situation is cleared up somewhat. On Friday a clear upward impulse was trained very at short notice. This is usually a clear sign for the fact that at least still another second small move will follow. This would bring then very at short notice quotations until 1,980 points with itself, possibly even briefly new intermediate highs. The lateral movement of yesterday does not know so far all flags of a consolidation up and evenly the beginning of a small, new downtrend. It would not be amazing thus, if the Nasdaq100-Index turns 1,980 points after an easily weaker initialization to 1,879 (mini Wave c) again in the plus and heads for the resistance. On view of several days at present much points on the fact that wave-technically directed a sideways trifishes itself trains. Therefore an outbreak should take place upward after a lateral movement in the next days, so that at the 14.Mai a course high is trained at over 2.100 points. This scenario applies however then only if the index does not fall today for initialization significantly under the support 1,880 points. There would be still another second catching line with 1.850, however the confidence is not very high into this support. The short term market technique gives only little meaningful referring to the further development, after the signals are output-provoked by Thursday now. The existing, small bearishen divergences can itself however already during a small higher valuation of the NDX into short term purchase signals modify (example: RSI in the following Chart). Result: The development of yesterday is actually promising. Therefore the Nasdaq100 should turn after a non-uniform start in the plus, so that a strong move to 1,980 is realistic. Only significant quotations under 1.880 negate this scenario. The Dow Jones yesterday terminated the upward impulse of Friday for initialization. The lateral movement in the session process of yesterday has so far only a correction character, so that thereby the very short term, positive scenario supports. Therefore the Korrekturwave iv ended ' in form of a Expanded Flat with the lowlow low . The higher valuation since that time is thus constituent of the small Wave v ' from 3 ' with the rough course target of 11.100 points. The trend of prices of yesterday is basic (still!) to arrange as ' constructionally '. Because outgoing from the current Dow status it should concern a small correction wave. It does not seem to be yet completely trained, however it gives positive implications for the further course process index. Because the Dow would therefore turn after an easily weaker initialization at the latest in the second commercial half again in the plus, so that an improvement in prices until over 11.000 points would be on the program. This primary scenario applies however then only if today for initialization the 50%-Retracement holds with 10.837 points. A correct sales signal is however only then generated if the Dow falls under the flat trend line with approximately 10,800 points. The short term market technique is at a critical point . Because it been sufficient already a weak first commercial hour, thereby clear, very short term sales signals arise. But: This crossroad can turn around in addition, in the opposite direction. Indeed if by a positive initialization the upward trend movement by the indicators are acknowledged. Consider therefore possible excursions of the indicators in the 15-Minuten-Chart in the first commercial hour , as trend signal for the entire session. Result: The chances are not badly that the Dow runs clearly at the latest starting from the second commercial half in the plus. In addition however the support 10,837 in the course of the non-uniform initialization should hold. CONTACT: I ask to transmit you to opinions, questions and comments on above analysis by Mail to ELLIOTT@GMX.DE. ------------------------------------------------------------ NQ Futures are almos lock limit down - another buying opp like Friday? Thanks for sharing your work, Juergen