Friday, August 13, 2010
GS - Sitting on a ledge
We've used GS as a market tell before. I am surprised that it has held up as well as it has in the past few days. A break below 149 would reverse GS's trend to down and would have bearish implications for financial stocks and the general market.
Below, FAZ is suggesting its only a matter of time before GS makes its move lower: