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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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