08 February 2007

As Goldman Goes...

As you see from the chart above Goldman Sachs (GS:NYSE) has recovered the early morning weakness along with most of the other brokers and the Naz...now that the gap is filled and all the early shorts have been burned we will see what the afternoon brings...return towards the lower end of the range is what I see as market internals still don't reflect this bounce...also look to see how S&P e-minis handle the 1450 level...jfg.

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