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For today's Mid-Day Minute, Mike writes: INTC, CPI, API... alphabet soup... roiling the index so far this AM... Right now, we have a micro lid on the E-mini June S&P at 1158-1160, and a micro floor at 1150-1148... and alot of noise in between, which is why I am not too interested in "picking" a direction at this particular time. A break below 1148-1147.75 however, will interest me, because my work will point to downside acceleration to 1140. For the time being, let's just watch and wait for a higher-probability outcome than we are presented with a this moment. MJP 04/20/05 11:25 AM ET (1152.25)

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