Re: Bearish Sign/Update *PIC*


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Re: Bearish Sign/Update *PIC*

Posted By: Trades
Date: Monday, 2 November 2009, at 5:22 p.m.

In Response To: Bearish Sign *PIC* (Trades)

After selling off well below the 170 support area intra day GS came back and held the support line. Lower technicals are still weak but price is king and support is still holding.(so far) The sell off has been 12 days now and typically should be due for a rebound. Big long tail on today's bar at important support as well. With today's price action it is more likely price will bounce back than break down right away. But holding this support level is important to the financial markets with GS being the big cheese of them all.

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Messages In This Thread

Bearish Sign *PIC* (views:168)
Trades -- Monday, 2 November 2009, at 1:05 p.m.
- Re: Bearish Sign/Update *PIC* (views:138)
  Trades -- Monday, 2 November 2009, at 5:22 p.m.

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