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Tuesday, April 27, 2010

Goldman Sachs and Apple showing signs of weakness

Goldman Sachs has broken below is uptrend line since ultimo 2008 and it should just be a question of time before support at 147.81 is broken, which should accelerate the decline.

Mayn analysts has down-played the seriousness of the charges against Goldman Sachs, but I think the chart tells us, that it's more important, than they want us to believe.


A couple of weeks ago I had a post under the title "Is Apple forwarning the top" Over the last two days, we now have a possible Island Reversal and the possibility for an even bigger Island if the market makes a new gap in the area between 251 to 255.

Maybe, just maybe, these two frontrunners tells us something important.

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