As discussed yesterday, the triple bottom in the NIKKEI(225) has held and a COUNTERTREND move seems to be in effect signalled by the 78 point move last night.  If prices move above 9350, the BOARD will signal “NO CONFIDENCE” in the DOWNTREND that was signalled at the close of Jun 24.  An interesting point is that the TRENDBODY size now  is 1/2 the size of the TRENDBODY in the period from Jun 24 to Ju 09 (which also banged against the triple bottom).  Therefore a COUNTERTREND move similar to the Jul 09-Jul 15 COUNTERTREND move would take out the TRENDBODY and place prices at the top of the trading range