February 12th, 2012
Published Daily

GS – Goldman Sachs (Last:179.38)

by Rick Ackerman on October 27, 2009 1:44 am GMT

We should be skeptical of any rally in the broad averages that is not led by a leaping, bounding, shamelessly unmitigated, hairy-kuckled Goldman Sachs. This was obviously the case yesterday morning, when Goldman could muster a rally of only 2.45 points in the early going before diving for the mat.  Traders can try tightly stopped bottom-fishing today at 176.42,  but if that Hidden Pivot gives way, look for the selling to continue at least 173.11.



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