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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (44540)	1/24/2013 3:45:39 PM
From: Fintas	3 Recommendations Read Replies (2) \| Respond to of 220990

Apple also carries a significant weighting in the SPX. I think it is 7 if memory serves me. So think of it this way. The spx continues to see buying even though apple is off. The sectors where the money is going are to the far RIGHT on a bell curve. Many of those sectors are suspect at best re their growth and earnings and suggest large money was just chasing sectors and companies within to try to make up for their lack of performance. BUT REALITY will set in soon and those many funds will have committed their cash, Show the equities they are in to impress their clients and while all of this is happening many sectors will roll LEFT because they are extended, throw in the continue slide of APPLE and can we say SPX makes it's way to 1300's. ALL IMHO but some might want to pay attention to the ramblings of this old man. Especially many who actually do run money and refused to sell Apple in the high 600's. Fintas