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Thursday, November 8, 2012

STOCKS PIERCE THE 200-DAY MOVING AVERAGE

STOCKS PIERCE THE 200-DAY MOVING AVERAGE

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Thursday, November 8, 2012
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STOCKS PIERCE THE 200-DAY MOVING AVERAGE
OH NO!

The S&P 500 fell beneath the famous 200-day moving average.

Fans of "technical analysis" will worry that this represents "key support" for the market, and that because it is now below this line, the market is in for further trouble.

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