Market Analysis for Aug 29th, 2005

So far, the recovery rally in the Qs has returned the stock to Friday's closing levels (38.50), but has NOT managed to propel it above critical micro resistance at 38.60/70. Until the Qs hurdle and sustain above 38.70, the bears still remain in control of micro and near term market direction. For the time being, we will continue to watch from the sidelines.

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