yes, I saw it in a different way, 1-2 minute charts bullish histogram and helped by Asia rally back to TL. Short 3 off 23.6% + R1 is very near You know AS, I get this gut feeling that all these majors are just waiting for one of them to start selling their portfolios of whatever so the rest join in -4 Short 3 near same entry Scaled out 2 +10
Indeed, ImO. It's like in retail business, somebody rolls out a new line of clothing and how long before other retailers start joining in on a trend, MP3 players, list is quite massive. GS have the biggest MC, so I would assume they lead and others follow. Any market is open to manipulative activity as long as you have 3 essentials: Enough money, Marketing & Information. 3rd lot trailed above TL +2 Short 3 Scaled out 2 +5.5 Considering good old formula of Buy rumours and Sell News, will we have a rally today towards GS's announcement?
Here is pattern Scaled out 2 +9 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1718353>
I think the positive bias today is related to positive GS earnings expectations, but one stand alone earnings report not enough to stem against backdrop of weakening U.S. economy... ...funny enough, almost every U.S. economist and media commentator eagerly predicting recession....