Market Analysis for Apr 26th, 2005
For today's Mid-Day Minute, Mike writes:
After breaking out to the upside- above its near-
term resistance line at 35.48- and continuing to
an intraday high at 35.66, the Qs have given
back most of their gains.. but remain in relatively
healthy technical condition overall. As long as this
AM's low at 35.15 remains a viable micro low,
my work will remain positive-- and projecting to a
new recovery high in the vicinity of 35.80-36.00.
We are staying long with stops just below 35.15.
MJP 04/26/05 12:40 PM ET 35.42
For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary. Or try his QQQ Trading Diary.