Wednesday, November 25, 2009

Goldman Sachs

The market is up 50 points and people are selling Goldman Sachs. This is americas bank? What is going on now. There are so many bearish divergences.

Russell not making new highs
Banks not helping with this rally
MACD and MACD histogram along with RSI diverging on the daily basis

The put/call ratio is in favor of the bulls. Which i take as a bearish indicator

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