Market Analysis for Jun 6th, 2005

The Q's continue to consolidate between 38 and 38.20 in very quiet, almost listless trading action today. My work argues that the Q's are consolidating ahead of another decline that should break support at 37.96/.92 on the way to 37.60. At this juncture, only a rally that hurdles 38.45 will argue that the Qs have their sights set on a retest of Friday's high at 38.83.

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