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CANDLESTICK CHARTING | January 22, 2010
A Dark Cloud Cover Over The Health Care ETF
The health care exchange traded fund has recently had an explosive move higher as the politicians battle it out over health care. Even though there is no bipartisan support for the health care bill, there has been bipartisan support among investors to run up the health care ETF. But with the most recent thrust upward, and speculation about the bill dying, traders might be wise to apply the old strategy of "Buy the rumor, sell the news."
by Ron Walker
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