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Commentary for Nasdaq Composite (969427) Daily on 26-Jul-2001 with four incomplete patterns:

Wave B of the Minor degree inverted Flat with a rating of 97.7 is expected to complete in the price range 1764.19 to 1985.814, but more probably between 1866.478 and 1943.194. This wave was expected to complete before 18-Jul-2001, and must complete by 06-Aug-2001.

After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to be about the same length as either wave A or wave B.

Wave (X) of the Intermediate degree Double Zigzag with a low rating of 65.2 is expected to complete in the price range 2000.652 to 2264.58, but more probably between 2033.643 and 2165.607. This wave could complete anytime between now and 07-Nov-2001, but is most likely to complete sometime between 30-Jul-2001 and 21-Aug-2001.

After wave (X) is complete, expect the market to continue down into wave (Y), which should be a three wave Zigzag pattern. Expect wave (Y) to fully retrace wave (X) and to be about 61.8%, 100% or 161.8% of wave (W) by price range, with 100% the highest probability.

Wave B of the Primary degree inverted Flat with a low rating of 68.5 is expected to complete in the price range 974.58 to 1813.08, but more probably between 1361.58 and 1651.83. This wave could complete anytime between now and 05-Sep-2002, but is most likely to complete sometime between 30-Jul-2001 and 31-Aug-2001.

After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to be about the same length as either wave A or wave B.

Wave IV of the Cycle degree inverted Impulse with an exceptional rating of 429.1 is expected to complete in the price range 2025.317 to 3042.66, but more probably between 2082.12 and 3042.66. This wave could complete anytime between now and 18-Dec-2002, but is most likely to complete sometime between 30-Jul-2001 and 26-Sep-2001.

Once this wave IV is complete, expect the market to continue down to the end of wave V, which will probably be an Impulse but could be an Ending Diagonal. Wave V must retrace wave IV by at least 70% and will usually move beyond the end of wave III. The most likely price targets for wave V will be 61.8%, 100%, 161.8% and 261.8% of the price length of wave I. Expect wave V to be less than wave IV both in price and time. Wave V will complete the Impulse.


Vielleicht schaffe ich heut noch mehr, mal sehen.

Besten Gruß von

Lentas



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