Friday May 21, 2004 - 02:00:09 GMT
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Nikkei-225 : Critical Resistance 11057
Nikkei-225 (CME) : Critical Resistance at 11057
The key quantised level of my monthly cycle chart is located at 11057 and the market will maintain a positive tone if it can close above it. It is likely that the market has hit the monthly cycle low around the quantized level at 10423 (low=10420). A supporting barrier is positioning at 10687 - 10740. The odds are in favour of maintaing a long position.
Nikkei-225 Monthly Cycle Quantized Levels
Set A : ... // 10423* - 10582 - 10740* - 10898 - 11057* - 11216 - 11374* - 11691* // 11850 ...
Set B : ... 10132 // 10502* - 10687 - 10872* - 11057 - 11242* - 11427 - 11612* - 11798 // ...
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