Tuesday, July 17, 2007

Qs at 50

The Qs did edge thru 50 today, meandering around R1 before retracing modestly back to PP. Looking at the values at the close the expectation for today is that we'll see another run at DOW 14,000 and a further push up on the Qs although it may take until Wednesday to make the breakthrough. MOC volume in the Qs has dried up from Friday, suggestng this little pause has put some buying on the sidelines.

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