I agree. Goldman is one of the largest market manipulators taking advantage of the trust that is given them in there packaging and selling of market products. They have this coming.
If i remember right there was alot of resistance at 10,888 on the way up in the DOW. Could this be a support level that needs to be broken on the way down?
Unfortunately, the SEC is not geared to deliver retribution anywhere near the scale of the crimes. What Goldman has accomplished is to galvanize the world to regulate the hell out of the derivatives busines. Killing the goose in the process. Deflationary, unbelievably deflationary.
Support on the way down starts at 10,955-10,989, the top of a 2-week trading range that ended the first week April. The market reached this level today. Next is 10,730 an old high on the way up. 10,920 will cause me to short.
Steve
ReplyDeleteI agree. Goldman is one of the largest market manipulators taking advantage of the trust that is given them in there packaging and selling of market products. They have this coming.
Steve
ReplyDeleteIf i remember right there was alot of resistance at 10,888 on the way up in the DOW. Could this be a support level that needs to be broken on the way down?
Unfortunately, the SEC is not geared to deliver retribution anywhere near the scale of the crimes. What Goldman has accomplished is to galvanize the world to regulate the hell out of the derivatives busines. Killing the goose in the process. Deflationary, unbelievably deflationary.
ReplyDeleteSupport on the way down starts at 10,955-10,989, the top of a 2-week trading range that ended the first week April. The market reached this level today. Next is 10,730 an old high on the way up. 10,920 will cause me to short.
ReplyDelete