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April 28, 2010

ITALIAN GERMAN CREDIT SPREADS WIDEN

On March 7,2010 we recommended starting scaling in Italian shares on dips. So far $EWI ( Ishares Italy) has not dipped to our price of $15.50. We are alerting our readers to significant widening of Italian credit spreads especially against German credit. The market seems to be coming to our price. $15.50 is simply a guidepost. We recommend using technicals to pick the accumulation points in $EWI.

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