Market Analysis for Nov 4th, 2004

For today's Mid-Day Minute, Mike writes: Wow... Certainly I underestimated the power of the current thrust, which hit and then exceeded my target window at 1151-1154... The ability of the E-mini December S&P to sustain ABOVE 1156.50 heading into the final hour of trading will argue for yet another thrust to my next important target zone is 1160. At this juncture, a decline below 1153.50 is needed to confirm that the current upmove is over, and that a correction is underway.

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