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Tuesday, December 6

S&P technicals

Due to requests from old timers who miss my simple chart analysis.

Here is the technicals for S&P. We are approaching a strong resistance point. A break through that would confirm a positive year for 2011.

We should not make any trade decisions these few days until a clear break of that line. I suggest taking on risk if it breaks the line. –--- metal stocks are good risk play.

 

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