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To: 45bday who wrote (4175)1/28/1998 7:23:00 PM
From: Trader X  Read Replies (2) | Respond to of 10786
 
<After consolidation how do you decide whether the next move is up or down?>

Consolidation areas should never break support (the price that was formerly resistence before the most recent upswing). If support appears to be holding as expected during the consolidation phase, then the next move should be up, within 2-3 weeks from the beginning of the consolidation period.

-Kevin