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Nasdaq 100 – prognosis via Dow Theory for calendar week 33/2015

Weekly chart:

For the time being, the Nasdaq has decided to extend its correction, and this week it is fighting its 20 location point line. As long as the correction zone is not exited in a downwards movement from below, the index still retains a chance of continuing the uptrend.


Daily chart:

After the price was able to stabilize itself last week right at the upper limit of the correction zone, it has meanwhile established a downtrend, albeit corrective. This gives me reason to speculate on the prices continuing to fall more than not. In the ideal case, the price will still be able to stabilize at the 20 LP from the weekly chart.


Hourly chart:

In this trend size, the Nasdaq is flowing in a clean downtrend and is very far into the movement here. A counter-movement in the form of a correction is more than likely. However, as long as the last point 3 at 4525 is not broken, the downtrend will remain stable and prevailing.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Wednesday, 12 Aug, 2015 / 2:30

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