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Tuesday, November 30, 2010

Nightmares for Bears

The Russell 2000 ETF for Growth Stocks (IWO) represents about 50% of the overall Russell 2000 Index.  If this is an inverse head and shoulders pattern, the bullish target on the upside is around 122.  How could this happen when Europe is on the ropes again and China is tightening lending?  How about American muscle and innovation surviving this round of financial shenanigans and coming out stronger?  In other words, this time the U.S.  decouples from everyone else - instead of the other way around?  Here are the holdings of this fund at iShares

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