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Inordinate Strength


Thursday February 16th, 2006
Inordinate Strength
by Mike Paulenoff www.MPTrader.com
I was hoping for a pullback to get long into a bit of weakness, but this upmove continues to exhibit inordinate strength up to this point as it makes new highs at 1286.75. At this juncture, the next target is a test of the 1/30 recovery high at 1291.50. Only a reversal and decline that breaks 1281.00 will begin to compromise the upmove.

Note: Mike is on vacation until Monday February 27.

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