Market Analysis for Oct 14th, 2005
Here we are, entering the final hour of trading, with the Qs knocking on the key resistance between 38 and 38.15, which if hurdled should trigger upside acceleration to the 38.50 area. Conversely, failure of the Qs to make headway above current levels should confirm the end of the recovery bounce off 37.33 and the resumption of the dominant downtrend off of the Oct 4th high at 39.88.
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