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: