Market Analysis for Sep 26th, 2005
So much for the Rita rally, eh? The Q's have
reversed from 39.03 to 38.60- as the energy
complex has climbed sharply. All intraday
roads appear to point to 38.50 to test the
support line off of last Thurs. low (38.24),
which if broken, should trigger a full-fledged
retest of 38.24. A break of the 38.24/20 area
will trigger downside acceleration to 37.40/20.
MJP 9/26/05 2:50 PM ET 38.63
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