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john commented on the word double top
“The Standard & Poor’s 500-stock index is at its 2002 lows. (A friend of mine versed in technical analysis tells me that is an indication we had a double top, which he says means we are in deep trouble. I’ll stick to the fundamentals.)�?
The New York Times, A Bull Vanishes, by Floyd Norris, November 20, 2008
November 21, 2008
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