Daily Minute with Mike Paulenoff for January 23

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By Mike Paulenoff | Published 01/23/2006 | Stocks | Unrated

Daily Minute with Mike Paulenoff for January 23

So far, the recovery rally in the DJIA does not impress me in the least, and only supports the conviction of my work that points to additional weakness that projects into a next target zone of 10,550-10,500. Let's notice that such a scenario will argue for a plunge into the area of the rising 200 DMA.

MJP 01/23/06

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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