11.09.2006

TECHNICALS-GS/SPX


There, you have the SPX chart and a chart of GS, now I have no clue if there is any correlation, but I do know that GS had been doing great until about 10 days ago when it hit a wall at approximately the 195 level. The SPX also hit a wall at the 1,390 level and retraced but has since recovered. So I have no great answer, but it seems odd that the SPX has gotten back to the old highs while GS has not. FWIW.

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