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S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
80.47
(
-0.14%
)
Bitcoin
68,212.40
(
-0.09%
)
Post# of 704019
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federal reserves

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federal reserves

Re: None

Wednesday, 03/16/2011 9:34:25 PM

Wednesday, March 16, 2011 9:34:25 PM

Post# of 704019
Here is my analysis

The 50dma has been broken on the DOW despite all the FED POMO pumping. That is a very bad sign unless reversed quickly. IBM got slaughtered today along with APPL. Very telling. While I would not be short, I would not be long either.

USA still controls most of the technology in the world and hopefully will invent more things other than new versions of IPADS and some bullshit marketing thing called Cloud Computing.

What we need is a battery that holds a charge for a hell of a long time.
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