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  • Last week the R2000 eclipsed bullishly both its ’07 downtrend and 650 resistance in making a new ’10 high, portending further gains. Similar action occurred in the mid-cap S&P 400.  The S&P 500, above its ’07 downtrend, has yet to make a new ’10 high.
  • Our thesis remains that high Fed stimulus and liquidity, ...full article available after login

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