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[punter]

Let's assume that stock prices have discounted all bad news (for now) but U.S. companies continue to generate record profits because of global growth; Albeit slow growth in U.S but most of these firms derive a large portion of revenue overseas. This might actually turn out to be a real bottom. A price chart would be a short time spike above the 200 day MA, rejection by overhead resistance formed by a line connecting the last 2 points and a retest of the 200 day MA which hopefully survive and we might have a potentia situation of a new high in 2011. Good Luck!