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« 2% Down Days and Stock Performance | Main | Positive Reversals: What Comes Next? »

Comments

actually, the chart does not show that Goldman has been a good tell. To the contrary, it shows that the overall market is a good tell for the overall market is a good tell for Goldman. It does appear that the Goldman is highly correlated to the broad market, but if we examine the visible divergences, last april and last september, we see that when the market does one thing and goldman does another, it is goldman that plays catch up. If we trust the chart, then if goldman goes up while the market goes down, sell your goldman, because it will follow the indicies south.

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