Monday, August 10, 2009

DO NOT IGNORE THIS CHART



GS is the ultmiate leading stock and it appears to be topping out. This is a first early warning sign for the bulls. Doesn't mean the bulls are done but it just warns to trade longs with caution. Don't get complacent.

2 comments:

Blue said...

I am going to watch QID very closely this week and next if the Nasdaq starts to break down as the Q's, again..were resting on support mid day.

Anonymous said...

How can you say GS is topping out? It has so far only come back to its EMA(20), which hasn't been unusual over the last several months.

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