Mid-Day Minute with Mike Paulenoff
http://www.tigersharktrading.com/articles/1455/1/Mid-Day-Minute-with-Mike-Paulenoff/Page1.html
By Mike Paulenoff
Published on 10/3/2005
Professional trader Mike Paulenoff writes that the Qs have the look of a bull flag continuation pattern ahead of another pop to the upside.
Mid-Day Minute with Mike Paulenoff
Well, the Qs have managed to spend the last five hours between 39.68 and 39.52, which has the look of a bull flag continuation pattern ahead of another pop to the upside -- with a next target zone of 39.90-40. Only a break below 39.52 will argue that the current upleg is over and that a correction is in progress.
MJP 10/03/05
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.