Mobile App Index: 73.77 (0.93%) WE 12/9/11

Both predictions were correct this week: the index did not go up greater than 14% and NCTY did decline this week.  The index underperformed DJI, S&P, and Nasdaq, and performed about the same as EEM and FONE.  Europe's debt crisis appears to be headed towards a reprieve as the EU moves closer to a lasting agreement.  It's a coin toss as to whether the index goes up or down next week -- on the one hand the performance this week indicates potential strength, but on the other hand there may be a glide downwards that would test/re-inforce the bottom of the index.  There is no indication that the index is on an upwards trend.  Let's see what the week brings . . .

Comparison: DJI +1.37%, S&P500 +0.88%, Nasdaq +0.76%, EEM (1.01%), FONE (1.52%)

Winners: MITK +17.1%, VOCS +5.19%

Losers: AUGT (14.55%), GLUU (9.07%), P (8.16%), VELT (7.69%)