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Friday, March 6, 2009
A Major Trend Line Support That NEEDS To Hold On Goldman Sachs
As this market hangs on by a thread from another ugly sell off, we look to the market leader to tell us where we are going. Goldman Sachs, known for being one of the leaders in the market is showing a major support line at around $80. It is illustrated below on the chart. If that line holds, watch for this market to continue to trade higher. However, should that line fail to hold, this market may be in for a major sell off once again.
