Trading with Jerry Olson

[JK]

NDX E-Wave update:

http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=540604&m=3.10.1...

Yesterday a wave overlap at 982 opened the long side again but no new high above 1.000 was marked. Nevertheless the NDX stabilized on a higher levels.

To forecast the next hours Onischka sees the E-Wave-Theory of little help but still sees a downmove to 930+ in the next days.

Onischka counts the patterns of the last days as corrective triangle. AFter a friendly start the NDX should fail at 1.000 and might turn down again. A break of the triangle to the upside would lead to prices of 1.015+. A move below 986 (lower triangle limitation) should activate wave c' down to 965 (ideally: 954). A confirmation of that down break would be a break of 977 (after the break of 986).

Very short term Onischka sees an indecisive situation that should be decided in the first trading hours.

Regards,
JK