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December 15, 2006


Notable New Highs — December 14, 2006

Buying all day long — a classic trend day.

A few observations: Xenonics (XNN) finally and predictably collapses; lots of Chinese companies on the new highs list and the FXI closes above the $100 mark; 116 of the 309 ETFs I follow are trading at new highs, including Singapore (EWS), MSCI EAFE (EFA), Diamonds (DIA), Energy SPDR (XLE), Consumer Discretionary (XLY), and the S&P 500 (SPY).

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