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  • Michael Lee
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  • Apple . Business . Investing . Market sentiment . Moving average . Stock . Superior mesenteric artery . Technical analysis .

Since Apple, Inc. (AAPL) met its death cross (definition below) in December last year the stock has fallen over 21%, from $545.00 to its current $450.00 price level. When it occurred with Apple,this technical trend signal was so widely publicized that the media seems to now have a deathly (pun intended) fear of the event, regardless of its validity. Before we look at gold and its impending death cross, the purpose of this article, let's first define what a death…

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  • Michael Lee
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  • Business . Business Services . Gold as an investment . MACD . Market trend . Technical analysis . U.S. Steel . United States Steel Corp .

Buy AGQ, preferably between $45.00 and $45.10. Initial profit target @ 5% above purchase price. Protect from loss @ $45.00. ProShares Ultra Silver (AGQ), a silver ETF, closed the day very near support at $45.00. If this ETF can stay above this $45.00 support level we should see a significant climb. Stochastic and MACD look to be consolidating and turning upward, showing signs of a coming bounce off of support. If AGQ falls/stays below support at $45.00 and doesn't return…

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  • Michael Lee
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  • Apple . General Dynamics . goog . Google . MACD . Stock . Support and resistance . Technical analysis .

The direction and stability of the market is still very dependent upon "fiscal cliff" talks within the government.  Though the market has shown a bit of stability recently, staying in cash to avoid unnecessary risk is a wise, conservative play.  Please invest with extreme caution. Buy XOM: Exxon Mobil Corporation Profit target @ $92.00 or use a 7% trailing stop (see Strategy page). Protect from loss @ $86.00 or use trailing stop (mentioned above). Exxon Mobil (XOM) has pulled back to its…

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  • Michael Lee
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  • Business . double top . Equities . Health . Investing . orders . Pivot point . Stocks and Bonds . Technical analysis .

That’s a great question.  A double top is generally an indicator of strong resistance.  As with all resistance indicators, I believe positions should be monitored a bit more closely near these areas.  At this strong resistance level it is generally likely that the stock will consolidate, then fall back downward as it did when it hit this resistance level previously.  Think of it as if the stock is underneath the ice of a frozen pond.  As it swims along, it…

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