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As Apple Goes, So Goes This Oversold Market

By Jim Cramer

 About this article:
 Here we go again with the Nasdaq stand. We have an Apple upgrade by JPMorgan that will reinvigorate the Apple groupies who are feeling great from Friday's win. Remember that Apple's stock was the beacon that turned everything around, and I know it made me more bullish because it has long been the key to this market away from the Exxon /Schlumberger cohort. Then we have an Intel quarter that truly was better than expected with great margins. Then, while not Nasdaq, who couldn't be impressed by IBM's numbers and today's JPMorgan upgrade. Altera's on the move, too -- once a bellwether -- with a nice quarter. The ugly predictions from Linear Tech , which is everywhere, will not trump the good news away from it. In fact, Intel made some ugly predictions, too, but they will be dismissed to keep Monday's stupendous...

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