Market Analysis for May 18th, 2005

Today's surge in the Q's has hurdled the flat 200 DMA, and tested and hurdled the April 8th high at 37.07, and appears to be on the way to a test of more critical resistance at 37.50, which represents the 50% recovery point of the entire prior decline from Dec. 15th to April 29th. My intraday work argues that we should expect a near term peak in the 37.40/60 target zone. MJP 05/18/05 12:35 AM ET (37.15)

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