Market Analysis for Sep 29th, 2005
The bears had their chance to accelerate the index
to the downside earlier today below 1217, but failed
to follow-through. Since then, the price structure
has rocketed across the 5 day range to an apparent
upside breakout high at 1229.75, but so far has not
accelerated to the upside. If the index cannot follow-
through to the upside ahead of the final hour of
trading, then the bulls will need to be careful that
they too are not subject to a trap at the top of the
week-long range. MJP 09/29/05 1:45 PM ET 1227.75
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