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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (15111)	1/14/1998 11:56:00 PM
From: The Jedi	Read Replies (1) \| Respond to of 68015

Yeah. The longer it sits on the support the more the pressure. According to trader Vic if a trendline is touched 4 or more times after bouncing each time it is imminent that there is going to be a break. I don't have the Nikkei chart. It should not be difficult to look at the chart and tell if this is consolidation for a leg up (meaning final bottom) or if it is going to break. The momentum, rate of change and stochastics on a weekly basis should have been declining with occasional blip ups for a break to occur. Kiri