Market Analysis for Nov 8th, 2005
The e-SPZ continues to bide time within its post-Thurs.
coil pattern, however, my work argues that the pattern
is nearing completion and should resolve itself to the
upside in a thrust to 1230-1232. Only a decline that
breaks and sustains below 1216 will morph the pattern
into a deeper near term corrective process. For now,
though, I am looking for upside resolution.
MJP 11/08/05 2:25 PM ET 1221.50
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