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.
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2 comments:

  1. BlueAugust 10, 2009 at 10:34 PM

    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.

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  2. AnonymousAugust 12, 2009 at 2:56 AM

    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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