Market Analysis for Nov 10th, 2005
Needless to say, the Qs finished a shallow pullback earlier today at 39.92, and then pivoted to the upside for a powerful thrust to new highs at 40.54, which my intermediate-term work indicates is the start of a new upleg that should hurdle the Dec '04 high at 40.68 on the way to 42-42.50. Only a sudden downside pivot reversal that breaks this morning's low at 39.92 will wreck the current timing of the expected new upleg.
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