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ASSET MANAGEMENT

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Index: NIKKEI Dow 225 - 1 March 2001

Short Term Trend

Last indicator = SELL @ 20435 level on 14/4/2000

Trend still down - By 38%since the last signal. 

Guides:              Black      =    Index showing BUY/SELL Arrows

                         Red         =   50 Day Moving Average

                         Blue        =   200 Day Moving Average

                         Magenta  =  Trend Channel

Observations

1. Long term support at 12800 has given way, a bad sign.

2. Resistance is now at the 13000 to 13400 level

3. Although oversold short term this remains a very weak market.

  

Long Term Trend
  

Observations

1. The Index remains within the 10000 to 18000 trading range.

2. Support at the 12800 level has gone opening the way to possibly test 10000

Conclusions

1. Longer term support at the 13000 level has been broken.

2. This index may fall towards the 10000 level

3. Long term investors may wish to accumulate at these levels or await the e mail alert