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Tuesday, April 24, 2012

Apple teetering on its 50-day MA

Apple is down another 11 points, or by 2% right off of the open this morning, and is sitting right on its 50-day moving average.  If (when) it cracks the 50-day, the stock should fall with more pace as the correction gathers steam.  Watch for Apple to continue to lead tech and the markets lower throughout this correction phase.

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