Market Analysis for Jan 25th, 2005

The E-mini March S&P has entered a high-level holding-congestion pattern near the top of today's range, which when complete should resolve itself to the upside in a thrust that confronts the next resistance level along the minor trendline off of the prior two rally peaks -- at 1176.00/25. If hurdled, then the index should accelerate to the upside into the 1180 area.

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