Against our assumption presented in previous updates (i.e. last Watchdog publication as of 12th Feb 2001) the NASDQ fell below the prior trough near 2080. This unexpected breaking, which was preceded by a negative return in the oscillator (see"chart 1, panel 2"), increases significantly the risk that the downside pressure will continue to persist for the time being.
"Panel 1" illustrates the 61.8% Ideal Fibonacci retracement level that is situated near 1850. This level becomes a potential extension objective. Other ideal target measurements point the area of 1850 to 1700. Having said that we want to remind you that some technical readings like the one presented in weekly"chart 2, panel 2" are still in rather extremely oversold territory. In addition to that sort of an inverted head and shoulder formation seems to be unfolding. This pattern usually precedes significant reversals to the upside. Further more the NASDAQ 100 Index is soon testing the Bollingers support line ("chart 1, panel 1") again; this technical element used to act as solid support area in the past.


Ich denke, die mir sehr nahestehenden Autoren, die ansonsten für Instis searchen erlauben mir das für einmal.


Ein Wort zum USD/CHF folgt noch heute abend aus eigener Feder.


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