Orderly Pullback - Market Analysis for Jun 16th, 2006

So far my work argues that this morning's weakness is an orderly pullback -- almost muted in a way -- after yesterday's explosive advance. My work points to weakness into the 38.00 area prior to a resumption of strength that propels the Q's above yesterday's recovery high at 39.09 towards my next optimal target zone at 39.50/60. At this juncture only a decline that breaks below 37.50 will begin to compromise my current outlook.

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