Monday, July 27, 2009

GS update

GS printed a NR7 on the daily chart on Friday. This usually signals volatility to come. 162.65 will trigger a short in the stock. it did this am and has not recovered much. This break again will be a second attempt...ie the 2nd mouse gets the cheese. 166 square out is exerting influence. Never ceases to amaze me how news and square outs occur. CTFC is investigating GS on Cap and Trade benefits. Heads up
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