Daily Minute with Mike Paulenoff for February 10

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By Mike Paulenoff | Published 02/10/2006 | Stocks | Unrated

Daily Minute with Mike Paulenoff for February 10

With about two hours remaining in today's session, the Q's 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 Q's 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.

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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