GS technical update – market outlook

GS long trade is coming to an end as we are in week 8 and counting a Seq 12 today. It could bounce briefly above 130 as the XBD is also short of one spike above 93 to complete. At current levels GS has made a 50% retracement.
The DOW makes today the 13 count in the Combo by reaching the TDST line. The Seq 12 count of the DOW will confirm a top at hand by tomorrow.

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~ by behindthematrix on April 29, 2009.

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