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Tuesday, February 7, 2012


I know it must seem that I've disappeared, but the analysis I presented in mid December still holds.  The market seems to be loosing interest at these prices, but the 50 DMA has not been broken.  Nor has the 20.  These Daily Moving Averages are the key right now and have been for about six weeks.

I'm still looking for a large breath taking collapse, but the trenlines indicate that there is strength at the 20 DMA.

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