Market Analysis for Nov 11th, 2004

For today's Mid-Day Minute, Mike writes: This has turned out to be a pretty amazing day so far, dont you think? The E-mini December S&P has grinded higher and higher, in drips and drabs ALL day long... Typically, in my experience, what usually happens AFTER several hours of grinding, slow motion upside movement, is a sudden, potent UPSIDE ACCELERATION... If that proves to be the case this time, then the E-SPZ, which just hit new recovery highs at 1175.00 (which is ABOVE my 1173.25 target), will spike vertically to 1176 to 1180.