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Qs Continue to Grind Higher


Thursday February 9th, 2006
Qs Continue to Grind Higher
by Mike Paulenoff www.MPTrader.com
With about two hours remaining in today's session, the Qs continue to grind their way off of this morning's new reaction low at 40.26 to an intraday recovery high at 40.66 (so far). To trigger upside acceleration, the Qs must hurdle and sustain above 40.70-.75, which should trigger a run at the 41.20/40 resistance plateau -- on the way to 41.70/75.

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