Market Analysis for May 18th, 2005
Today's surge in the Q's has hurdled the flat 200
DMA, and tested and hurdled the April 8th
high at 37.07, and appears to be on the way
to a test of more critical resistance
at 37.50, which represents the 50% recovery
point of the entire prior decline from Dec. 15th
to April 29th. My intraday work argues that we
should expect a near term peak in the 37.40/60
target zone. MJP 05/18/05 12:35 AM ET (37.15)
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