Mid-Day Minute with Mike Paulenoff

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By Mike Paulenoff | Published 09/8/2005 | Futures | Unrated

Mid-Day Minute with Mike Paulenoff

Here is the big picture of the December E-mini S&P, the new front contract month. The rally off of the Katrina low at 1200.50 into yesterday's high at 1244.50 has the "right look" of a completed upleg. If that proves to be the case, then today's minor weakness started a pullback period into the 1232 to 1225 target prior to the next rally effort.

MJP 9/8/05

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.

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