Trading with Jerry Olson

[JK]

NDX E-Wave update:

http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541881&m=3.10.1....

The rise to the forecasted target at 1.040 took significantly longer than expected. Despite that the chartpatterns stay "fiendly" and the scenario is still the same (see last week`s update).

Short term:
Ideally Onischka expects the following development: On Monday after a top the NDX should break 1.000 and descend to 970. In the second half on the weed a rise to 1.030+.

If 1.000 holds a direct move to 1.035 (without down move to 970) should be possible. An adjustment regarding these moves will be made after Monday and Tuesday.

As mentioned several times a significant break of 1.040 clearly improves the chart situation.

E-Wave analysis form Onischka on some other indexes:

IIX:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541861&m=3.10.1....

SOX and IXTC:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541869&m=3.10.1....

XAU/Gold:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541878&m=3.10.1....

Euro/Yen:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541888&m=3.10.1....

S&P500:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541935&m=3.10.1....

DAX:
http://www.wallstreet-online.de/ws/news/news/main.php?action=viewnews&newsid=541950&m=3.10.1....

Regards,
JK