Market Analysis for Feb 25th, 2005

Here is the look of the very powerful upmove in the E-mini March S&P that has unfolded since yesterday's pullback low at 1188 and from Wed's down-leg low at 1183.50. At this juncture, potent tailwinds have been created by the thrust, especially above the 1195 resistance plateau hurdled yesterday, which point to still-higher targets in the 1216-1220 area -- perhaps today or Monday. During the PM session, let's look for a rest-pullback period into the 1207-1204 support area prior to a late-session surge to new highs -- above the Feb highs.

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