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12/23/11：Slow but steady, the way to go!
SPX is flirting 200SMA 1260 which happens to be the starting number of the year 2011. NDX has always been stronger than SPX but it's now a little bit below 200SMA due to ORCL gap-down.
AAPL is flirting $400.
It will work out as what AMGN does such as GOOG, which consolidates like SBUX that made a fresh 52-week high like AMGN.
Even BAC, the weakest component in financial sector, has finished shake-out after touching below $5.
Things are in good shape. |
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